In Order to Bring a Market to Its Efficient Outcome

question 110

Multiple Choice

In order to bring a market to its efficient outcome when a negative externality is present,the government could:

• A) limit total consumption to the efficient quantity.
• B) tax the parties involved in the market the value of the external cost.
• C) limit the price to the efficient level.
• D) Any of these would bring the market to its efficient level.

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Definitions:

Darker

Having very little light, not bright, or closer to black in color.

Gestalt Grouping

principles that describe how humans naturally organize visual elements into groups or unified wholes.

Rows

Linear arrangements of objects or data, often found in tables, lists, or seating arrangements.

Columns

Structural elements in architecture that serve as supports, typically cylindrical and vertical, or a vertical arrangement of information in texts or tables.