1. Business
  2. Economics
  3. in the presenc some good the market equilibrium price will...

Question: in the presenc some good the market equilibrium price will...

Question details

In the presenc some good, the market equilibrium price will be e of either external costs or external benefits in the production or consumption of too low b. False The figure about reflects the market for outdoor concerts in a public park surrounded by residential neighbourhoods. Why is the marginal social cost curve above the marginal private cost curve? Because the public is likely to pay more for concert tickets than the cost incurred by the concert organizers Because municipalities always impose noise restrictions on concerts in parks surrounded by residential neighbourhoods Because residents in the surrounding neighbourhoods get to listen to the concert for free Because the MSC curve considers eternal costs imposed on the society by the concert organizers a. b. c. d. The figure below reflects the market for outdoor concerts in a public park surrounded by residential neighbourhoods. Why is the marginal social cost curve above the marginal private cost curve? MSC MPC of Coneerts Because the public is likely to pay more for concert tickets than the cost incurred by the concert organizers Because municipalities always impose noise restrictions on concerts in parks surrounded by residential neighbourhoods Because residents in the surrounding neighbourhoods get to listen to the concert for free Because the MSC curve considers eternal costs imposed on the society by the concert organizers a. b. c. d. Non-excludable, but rival, resources often lead to what has been called a tragedy of the commons a. True b. False When you enjoy the view of your neighbours prize-winning garden. This is an example of a. b. C. d. Common-property rights A public good A positive externality An invasion of privacy

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution