- One Of The Best Ways To Internalize The Externality Of Market Behavior Is To Satisfy The Equilibrium The Condition Of No 1 (55.69 KiB) Viewed 46 times
One of the best ways to internalize the externality of market behavior is to satisfy the equilibrium the condition of Notes: MC = Marginal Cost of production MB = Marginal Benefit to consumer MSC = Marginal Social Cost of Production MSB = Marginal Social Benefit ATC = Average Total Cost of Production MR = Marginal Revenue P = Market Price of goods/services sold. O MC - MR-Price O MSC - MSB O MSC - Minimum ATC O MSB>MSC Question 23 1 pts From the concept of externality of economics through market mechanism, education is an example of O negative externality positive externality O a common resources pool O a public good Question 24 1 pts Two of the key advantages of marketable pollution permits in controlling pollution are O creation of "hot spot for the polluters O decrease in cost for alternative n-method of command and control plus giving incentive for innovating of alternative pollution free technology, creation of Incentive for innovation for alternative pollution free technology O decrease in cost for alternative method of command and control