If an externality is present resulting in market failure then

1 answer:

8 0

<span>Then the private benefit from consumption will will not be the same as the social benefit from consumption.</span>

An externality is the impact of a buy or choice on a man group who did not have a choice in the occasion and whose interests were not considered. Externalities, at that point, are overflow impacts that fall on parties not generally engaged with a market as a maker or a buyer of a product or service. Externalities can be negative or positive, and externalities can come about because of either the production or the utilization of a good, or both.

You might be interested in

What is the first step she should take to solve her problem

lina2011 [118]

What is the problem?

3 0

2 years ago

Read 2 more answers

In some simple models of trade, a country may choose to specialize in the production of a single good. which is not an argument

LekaFEV [45]

An argument that is not against specializing in a single good in the real world is that specialization in a single good makes dumping easier and more effective.

If a country specializes in a single good, less waste will be produced and it can be dumped easily at one place and can be used or recycled more easily than to dump several different kinds of goods as they will need different technologies and to segregate them will be a hard job to do.

Countries improve their production of the commodity in which they specialize. There are many benefits to consumers if a country does so as specialization lowers the opportunity cost of production, increasing global production and lowering prices. These reduced pricing and increased supply benefit consumers.

To learn more about specialization in single good here

brainly.com/question/19018593

#SPJ4

7 0

2 years ago

Which of the following is a type of program that is designed to collect information about you and send it to a remote user witho

Olenka [21]

Are there choices for this question?

6 0

3 years ago

62. In the MARKET GROWTH stage of the product life cycle: A. competing products become almost the same in the minds of potential

OleMash [197]

Answer:

Explanation:

this is where the product is marketed and continues to pick up customers who will use the product repeatedly and refer others for its usage

3 0

3 years ago

Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for whicha.the supply is more elasti

Roman55 [17]

Answer:

B. The demand is more elastic than supply .

Explanation:

Demand & supply are buyers & sellers ability , willingness to buy & sell respectively .

Elasticity means responsiveness of demand & supply to prices.

'Tax burden' can be forwarded / shared only in case of Indirect taxes , whose burden & incidence lie on different people.

The burden falls on the party (consumers / suppliers) whose market element (demand / supply) is inelastic i.e less responsive to prices.

So , if sellers are bearing larger burden : It means demand is relatively elastic & supply is relatively inelastic.

6 0

3 years ago