Question

NAME TLAST NAME FIRST NAME MARKET FAILURE In the market het for information, sales that were made on the este et sellers from making enfonce contracts that were mandmise d ailers trom providing information to ade on the line info ck perfect information about pred price the outcome will be efficient because prevent selle nebo en consumers lack perfect info under perfectly competitive condi me may no t because duct that is available for price else they will not buy the product until the euse proactive w a con ays be the my pay a big pics until they have obtained full information icent because I will payah L y Day the outcome will be effici for a product if they think it is worth i Which of the following A Boy Scout troop clean Toxic chemicals dumped into a howing is an example of a negative externali troop cleaning up a neighborhood and chemicals dumped into a river that is used weighbor who plants a beautiful garden tizen donating land for use as a public hat is used as a water supply Mladen in his front yard A wealthy citizen donatine ative externality, the unregulated market he socially efficient level because the private cost market results in a level of Outup When there is a negative ex that is than the socially efficient than the social costs higher; greater h higher; less lower, greater lower; less c that is used as a water supply b of the following is an example of a positive externality sed by an auto racetrack located near a residential area The noise created by an auto racetr Toxic chemicals dumped into a river that is used A neighbor who refuses to mow his yard or paint his house A lower crime rate in a neighborhood patrolled by a securit od patrolled by a security company ted market results in a level of output When there is a positive externality, the unregulated market resulte than the socially efficient level because the private benefits a than the social benefits. 2 higher greater b higher, less lower; greater d lower, less C

all question

Answer 1

1 (D) Prevent sellers from making false and misleading claims

2 (B) The outcomes may not be efficient bacause cunsumers may pay a high price for a product that is availiable for a lower price elsewhere

3 (B) Toxic chemicals dumped into a river that is used as a water supply.

4 (B) higher;less

5 (D) A lower crime rate in a neighborhood patrolled by a security company

6 (D) lower;less