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Question
Markets tend to overallocate resources to the production of a good when
A) there are negative externalities.
B) there are positive externalities.
C) there are public goods produced.
D) equilibrium occurs.
Answer
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Related questions
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Markets tend to underallocate resources to the production of a good whenA) there are negative externalities. B) there are positive externalities. C) there are public goods produced. D) equilibrium occurs.
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The United States is considered by the Institute for Management Development to be the most competitive economy becauseA) U.S. residents are willing to work harder than anyone else is. B) of widespread entrepreneurship.C) of a high saving rate.D) of selected restrictions on imports from Japan and Europe.