What are the four types of externality?
What will be an ideal response?
Externalities can be: a negative production externality, a positive production externality, a negative consumption externality, or a positive consumption externality.
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Assume someone organizes all farms in the nation into a single-price monopoly. What is the monopoly's marginal revenue curve?
A) It is a horizontal line at the competitive industry's price. B) It is a line that lies below the new monopoly's demand curve. C) It is a vertical line at the monopoly's chosen output level. D) It is identical to the demand curve for the monopolist's output. E) It is a line that lies above the new monopoly's demand curve.
Deadweight loss results from:
a. equilibrium. b. underproduction. c. overproduction. d. none of the above are correct. e. Either b or c.
Bonds issued by a foreign government in its own currency would:
A. be held by the Fed as part of its foreign exchange reserves. B. not be held by the Fed. C. be held by the Fed as part of its securities. D. be held by the Fed as part of its loans.
Acquisition of another company against the wishes of management
What will be an ideal response?