Multiple Choice
When a divergence between social costs and private costs exists,then:
A) markets will always provide an efficient allocation of resources.
B) there will be too much or too little production and consumption in the market.
C) there will be an acute shortage of goods and services in the market.
D) there will be an excess demand for goods and services in the market.
E) private costs must be greater than social costs.
Correct Answer:
Verified
Correct Answer:
Verified
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