If the Socially Optimal Level of Output for an Industry

question 24

Multiple Choice

If the socially optimal level of output for an industry is greater than the equilibrium output for that industry,there are

• A) external diseconomies.
• B) external economies.
• C) both external economies and diseconomies simultaneously.
• D) external internalities of substance.
• E) both external internalities and internal externalities.

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