Chose one: If there are no externalities a competitive market achieves economic efficiency. If there is anegative externality, economic efficiency will not be achieved because a. too much of the good will be produced. b.a deadweight loss will occur that is equal to the area under the demand curve for the good. c.too little of the good will be produced. d.economic surplus is maximized

Principles of Microeconomics (MindTap Course List)
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Chapter11: Public Goods And Common Resources
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Chose one:

If there are no externalities a competitive market achieves economic efficiency. If there is anegative externality, economic efficiency will not be achieved because

a. too much of the good will be produced.

b.a deadweight loss will occur that is equal to the area under the demand curve for the good.

c.too little of the good will be produced.

d.economic surplus is maximized

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