Podcast
Questions and Answers
Market failures occur when selfish consumers do not have to pay producers for benefits.
Market failures occur when selfish consumers do not have to pay producers for benefits.
True
Externalities undermine the social benefits of individual selfishness.
Externalities undermine the social benefits of individual selfishness.
True
Positive externalities are costs that are infeasible to charge to not provide.
Positive externalities are costs that are infeasible to charge to not provide.
False
Negative externalities are benefits that are infeasible to charge to provide.
Negative externalities are benefits that are infeasible to charge to provide.
Signup and view all the answers
Market failures occur when selfish producers are not paid.
Market failures occur when selfish producers are not paid.
Signup and view all the answers
