Which of the Following Statements Is Not Correct

question 298

Multiple Choice

Which of the following statements is not correct?

• A) Private markets tend to over-produce products with negative externalities.
• B) Private markets tend to under-produce products with positive externalities.
• C) Private parties can bargain to efficient outcomes even in the presence of externalities.
• D) Private parties are usually more successful in achieving efficient outcomes than government policies.

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Definitions:

Deliberate

To think about or discuss something very carefully in order to make a decision.

Controlled Mind

The state of consciously regulating thoughts, emotions, and actions through mental processes and self-discipline.

Automatic Mind

Refers to the unconscious processing in the brain that guides most of our behaviors and decisions without deliberate thought.

Positive Emotions

Emotions that are felt when experiencing positive or pleasant situations, such as happiness, joy, or love.