If Firms Are Forced to Internalize a Negative Externality, Market

question 110

True/False

If firms are forced to internalize a negative externality, market price would increase and equilibrium quantity would decrease.

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Definitions:

Interact

To communicate or engage with others, often resulting in reciprocal influence or action.

Intuition

The ability to understand or know something immediately based on feelings rather than facts or evidence.

Human-universe Connection

A concept referring to the belief that humans are intricately linked to the universe, impacting and being impacted by it in profound ways.

True Presence

The act of being genuinely and fully present in the moment, often emphasizing a connection in interpersonal relationships or therapeutic settings.