If There Are Negative Externalities in Production or Consumption, Competitive

question 27

True/False

If there are negative externalities in production or consumption, competitive equilibrium is unlikely to be Pareto efficient but positive externalities enhance the efficiency of the market.

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Definitions:

Completely Randomized

A design of experiments where all the experimental units are allocated at random among all the treatments.

Degrees of Freedom

The number of independent values or quantities that can vary in an analysis without violating any constraints.

Samples

A subset of a larger population, selected for measurement, observation, or questioning to provide statistical information about the population.

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution, affecting the calculation of statistical parameters.