A Competitive,unregulated Market Would

question 113

Multiple Choice

A competitive,unregulated market would

• A) produce too much pollution because pollution is an external cost.
• B) produce too little education because education has an external benefit.
• C) fail to achieve equilibrium if there are externalities present.
• D) Both answers A and B are correct.
• E) Both answers B and C are correct.

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Definitions:

Hemostat

A surgical tool used to control bleeding by clamping blood vessels during surgery.

Ratchet

A ratchet is a mechanical device that allows continuous linear or rotary motion in only one direction while preventing motion in the opposite direction.

Locking Mechanism

A device or feature designed to prevent movement or separation by locking parts together.

Instrument

A tool or device designed for precise work or measurement, often used in scientific, medical, or musical contexts.