Market imperfections abound in Canada, brought about by externatilities. If a good that generates negative externalities was priced to take into account these negative externalities, then its: Multiple Choice output would increase but its price would remain constant. price and output would remain constant. price would decrease and its output would increase. price would increase and its output would decrease. price would increase but its output would remain constant.
Market imperfections abound in Canada, brought about by externatilities. If a good that generates negative externalities was priced to take into account these negative externalities, then its: Multiple Choice output would increase but its price would remain constant. price and output would remain constant. price would decrease and its output would increase. price would increase and its output would decrease. price would increase but its output would remain constant.
Chapter14: Environmental Economics
Section: Chapter Questions
Problem 2SQ
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