An externality can create a difference between costs/benefits and costs/benefits.

Q: How do negative externalities cause market failure?

A: Answer - Negative externalities - It is the externalities which have been produced during the…

Q: The optimal level of output can be achieved by levying a tax on a company producing a negative…

A: Negative externality occurs when production and consumption resulted into a negative effect on the…

Q: Externality is a problem that create market failure. How the externalities can be internalized to…

A: Externality causes market failure.Externality may be positive or negative and its effect causes…

Q: Efficiency in the presence of externalities

A: Efficiency cannot be achieved in the presence of externalities. Because in externalities someone is…

Q: An externality is the impact of: a. None of the answers is correct. b. one person’s…

A: An externality is a market distortion that creates inefficiencies in the market outcome. It is the…

Q: Give solutions to the externality problem.

A: The situation that depicts either a benefit or a cost being caused by a producer not received or…

Q: why do externalities make market outcomes inefficient?

A: A third party, who is not directly related with the exchange or production of goods and services…

Q: What are positive and negative externalities, hint the ( causes, effects and the remedies.)

A: An externality is present whenever some economic agents' welfare (utility or profit) is directly…

Q: Providing a subsidy is one way a society can correct for a positive externality. True False

A: Externality refers to spill-over effect of a good on third party which is not involved in either…

Q: A law that prevents smoking on airplanes addresses a negative externality. True False

A: Externality refers to the advantages and disadvantages of being received by the third party.

Q: If a good is produced with negative externalities: A. private cost will be equal to social costs B.…

A: Negative externality exists when production and consumption have adverse impact on the third party.…

Q: Give four (4) economic activities that generate both positive and negative externalities

A: An externality is a positive or negative side effect of production or consumption in economics. It…

Q: Clams&Co is a young mussel-farming company in Jamaica Bay, not too far off from Far Rockaway Beach.…

A: Externality refers to positive or a negative spillover effects on the society due to consumption or…

Q: In what ways do company investments in research and development create positive externalities?

A: Answer: Positive externality refers to the positive impact on a party due to the actions of another…

Q: Discuss negative externality its causes and possible solutions

A: Negative Externalities refers to the cost of consuming a good borne by the third party who is not…

Q: The following are examples of externalities except A Air pollution from the factory B Noise…

A: An externality is a cost or benefit associated with an activity enjoyed by the third person who is…

Q: Thich of the following is an example of a negative externality? the benefit you receive when your…

A: Externality refers to cost or benefit that tends to affect people who is not the part of production…

Q: What does it mean to "internalize" a negative externality? Please give an example.

A: Externality: - It is a cost/benefit, generated by the production/consumption by someone, which is…

Q: What is a positive externality

A: The concept externality was introduced by economist Arthur Pigou. There are mainly  four type of…

Q: Public Goods are used by all members of society, but sometimes they are overused and lead to things…

A: Non-excludable: - it is a condition where a person cannot stop another person from using a good or…

Q: Explain the difference between positive and negative externalities along with an example.

A: Answer: An externality exists when some economic agent’s welfare (utility or profit) is directly…

Q: Externalities A) can be either benefits or costs.

A: Externalities Externalities are generally the consequences of the action of a producer to nearby…

Q: a.) Taxes used to correct for a negative externality b.) Subsidies used to correct for a positive…

A: a. To use taxes to correct for negative externality, the Government needs to estimate value of…

Q: Provide examples of public goods or externalities that are provided successfully by market or…

A: Public goods are defined as goods that are non-rival and non-excludable in nature.

Q: A positive externality results when   A. someone pays for a good or service even though she is not…

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: Give a recent example of a demand side market failure (Positive Externality). Why did it happen?

A: A market is a place where the buyers and sellers interact with each other and the exchange of goods…

Q: What is an externality? Provide an example.

A: There are various government policies and private solutions to solve the problem of an externality.…

Q: type of externality

A: Curve X is the private demand curve. Curve Y is the marginal social benefit (MSB) or public demand…

Q: If positive externalities exist in a market, then OSocial cost is than private cost OSocial cost is…

A: Answer to the question is as follows:

Q: Give three examples of activities accompanied by external costs and benefits.

A: The external costs and benefits are the various cost and benefits that are recieved to the third…

Q: Which of the following is an example of an activity generating a positive externality?

A: Positive externality means the production or consumption of goods or services create a positive…

Q: Why do economists use the word “externality” to describe third-party effects that are harmful or…

A: Externality: An externality is an expense or advantage brought about by a maker that isn't…

Q: Which of the following is an example of a negative externality (additional social cost)? Multiple…

A: When the creation or consumption of a product results in a cost to a third party, this is known as a…

Q: Bruno loves playing rock ‘n’ roll music at highvolume. Placido loves opera and hates rock ‘n’…

A: Externalities are the cost or benefits that are affected to the third person, Deal of the two-person…

Q: What externality problem do you expect in the market for plastic bags? How does the government…

A: The externality is the cost to the third party which is born by the society who does not involve in…

Q: Do market demand curves reflect positive externalities? Why or why not?

A: Generally the market demand curve reflects the private benefit received from consumption of goods.

Q: Why are externalities considered a sign of market failure?

A: Market failure occurs when there is inefficient allocation of resources in the free market.