If companies who took into account an externality want to supply more at any given price compared to the original supply, they must have addressed a:
A. network externality.
B. social externality.
C. positive externality.
D. negative externality.
Answer: C
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How does the market for inputs like labor differ from the market for goods and services?
What will be an ideal response?
An increase in the discount rate ________ bank reserves and ________ the money supply if banks respond appropriately to the change in the rate
A) increases; decreases B) decreases; decreases C) decreases; increases D) increases; increases
Needs and wants are different. Wants are things that are:
a. Crucial, have to have b. Desired, but not necessary for survival c. Economic only d. Important for getting ahead
The merger of two pizza restaurant chains would be an example of
A) a horizontal merger. B) a vertical merger. C) a conglomerate merger. D) an independent merger.