18. a. b. C. d. Externalities can be enhanced // market internalized // market internalized // government externalized // government by collective (i.e.) action.

Q: a. How does the amount produced by a free market compare with the socially-optimal level of…

A: "Since you have asked multiple parts, we will answer only the first part for you. If you have any…

Q: b) Why does a negative externality create a market failure and how can this market failure be solved…

A: Let's explain this situation with the help of a diagram and check how government can solve this…

Q: 4- There are several instruments that allow the internalization of externalities such as the…

A: Externalities arises when any third party faces negative or positive consequences as a result of any…

Q: (11) Consider a market with private marginal benefit (quantity demanded) given by PMB = 400 – 4Q,…

A: Externalities are benefits or damages caused by the production(P) or consumption(c) of a good by an…

Q: For each government action, indicate the type of government activity and justification.…

A: a) New York city bans smoking in restaurants – EXTERNALITY.  Smoking in public places creates…

Q: 10. Likewise, in the case of positive externalities there is no incentive for the private consumer…

A: This is a fill up question talking about positive externality and public goods. A positive…

Q: 5) Smoking increases health care costs. Is this an externality? Which of the following statements…

A: Negative Externality: The term negative externality refers to the consequence to the third person…

Q: 11. Which of these figures portrays the market failure of positive externalities (positive external…

A: Externality is the cost or benefit that the market transaction brings to the third party. It can be…

Q: 7. Demand and supply curves for products when there are negative or positive externalities. Quantity…

A: A negative externality exists when a cost is paid by a third party. A positive externality exists…

Q: Suppose the government wants to reduce the total pollution emitted by three local firms. Current

A: The government tried to reduce pollution that takes place due to various production and consumption…

Q: Climate change and externalities. a. How is the issue of climate change related to the concept of…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Suppose that we have a vaccines -- a public good. We have the following market: P = 4Q+ 24 P = -8Q…

A: An externality refers to the spillover effect of consumption or production of any good on the…

Q: h, and give an example for a real world public expenditure that can be justified on the basis of…

A: A positive externality is a benefit being enjoyed by a third-party due to a result of an economic…

Q: Use supply and demand diagrams to show that, in the presence of negative externalities (e.g.,…

A: a) The marginal social cost (MSC) curve is above the marginal private cost (MPC) curve by an amount…

Q: Refer to Table 12.2. The externality created by the refrigerator production was $100. However, once…

A: Negative Production Externality: This is the case of negative production externality in the given…

Q: 1. Use the data in the table to answer the following questions: Marginal Private Quantity Benefit…

A: a. The external cost is the cost incurred by society when the individual makes the process of…

Q: 1) What are public goods and what is their provision 2) What are externalities and what are its…

A: 1. Public Goods : A non-excludable and non-rivalrous good is referred to as a public good. Users…

Q: А. What is the competitive equilibrium price and quantity of straws? B.: It turns out that straws…

A: Competitive equilibrium is a condition in which profit-maximizing producers and utility-maximizing…

Q: 1) Does the above diagram depict a positive externality or a negative externality? 2) What is the…

A: Answer; 1.   The above diagram depicts negative externality since the Marginal social cost is…

Q: Let the market supply (representing the marginal private cost) have the form: P(Q) = 1 + 3Q, and the…

A: Given  Private marginal cost or market supply curve equation: P(Q)=1+3Q       .... (1) Inverse…

Q: 2. Bernard and Elton are neighbors. Bernard never mows his lawn, rakes his leaves, or trims s…

A: Negative externalities are the negative side effects of economic activities which are borne by the…

Q: 5. Correcting for negative externalities - Regulation versus tradablepermits Suppose the government…

A: The measure that depicts cost or benefit that is neither received or incurred financially by the…

Q: Externalities refers to a cost or benefit imposed on a third party that is not involved in a market…

A: Two examples of positive externalities are: 1)If an individual quits smoking then it benefits the…

Q: 1. An externality exists when agent A’s utility or production function depends on real variables…

A: market failure is the situation where market fail to allocate the resources efficiently . and there…

Q: #10. If government regulation forces firms in an industry to internalize the externality, then the…

A: Here the externality indicating the external cost. If the government regulations force the firm to…

Q: market for Booming Berries contains a? a) Negative Externality b) Positive externality   How can…

A: Positive externality is when there is benefit occurs to the third party or people outside the…

Q: 3. (Negative Externalities) Suppose you wish to reduce a negative externality by imposing a tax on…

A: Negative Production Externality: The negative production externality is defined as the production…

Q: QUESTION 20 55.00 50.00 Supply 45.00, 40.00 35.00 30.00 MSC 5.00 20.00 15.00 Demand 10.00 5.00 15000…

A: The externalities are the additional costs or benefits faced by the third party who is not involved…