If the production of a good causes a negative externality, the efficient level of output of that good is zero. False True

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter30: Market Failure: Externalities, Public Goods, And Asymmetric Information
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If the production of a good causes a negative externality, the efficient level of output of that good is zero.
False
True
Transcribed Image Text:If the production of a good causes a negative externality, the efficient level of output of that good is zero. False True
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