In a Market with External Costs, the Market Price Is

question 96

Multiple Choice

In a market with external costs, the market price is:

• A) higher than the efficient price.
• B) lower than the efficient price.
• C) equal to the efficient price.
• D) regulated by the government.

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The obligation of individuals or organizations to act for the benefit of society at large, often emphasizing ethical behavior and actions that contribute to the wellbeing of others.

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