When externalities are present in a market, the well-being of market participants
举一反三
- Market failure in the form of externalities arises when the market fails to achieve equilibrium.
- Market failure in the form of externalities arises when the market fails to achieve equilibrium. A: 正确 B: 错误
- When positive externalities are present in a market A: private benefits will be greater than social benefits. B: social benefits will be greater than private benefits. C: only government regulation will solve the problem. D: the market will not be able to generate an equilibrium.
- In a competitive market with no externalities,
- The two main causes of market failure are externalities and market power.