The Invisible Hand and Externalities, Microeconomics

In markets, the invisible hand allocates resources efficiently
a. in all cases
b. when there are positive externalities, but not when there are negative externalities
c. when there are negative externalities, but not when there are positive externalities
d. when the buyers and sellers are the only interested parties

Related Discussions:- The Invisible Hand and Externalities

Ricardian model - production possibilities frontier, Suppose there are two ...

Suppose there are two countries (home and foreign) and that two goods can be produced within those countries: machinery (M) and bread (B). Marginal product of labor (MPL) is given

Examine recent developments in demand theory, Critically examine recent dev...

Critically examine recent developments in demand theoryon #Minimum 100 words accepted#

Effect of effluent fees on the firm input choices, The Effect of Effluent F...

The Effect of Effluent Fees on the Firms' Input Choices * Firms which have a by-product to production produce an effluent. * An effluent fee is a per unit fee which firms

Economics for you, How to solve economics assignment help?

How to solve economics assignment help?

Assignment, suppose you have a coffee shop. list of fixed input and variabl...

suppose you have a coffee shop. list of fixed input and variable input for operating the shop

Model of corruption with theft, Consider the model of corruption explored b...

Consider the model of corruption explored by Shleifer and Vishni's where there is one government-produced good X. There is a demand for that good described by the inverse demand eq

Coase theorem, Discuss the possible solutions for private solutions (Coase ...

Discuss the possible solutions for private solutions (Coase Theorem) Question 8: Demand: P=100-Q Supply: P=Q MEB= 10 Discuss the possibility of over or under allocations of reso

Monopoly market, Question : (a) Differentiate between the characterist...

Question : (a) Differentiate between the characteristics of a perfectly competitive market and those of a monopoly market structure. (b) To what extent is a monopoly mark

Natural research, Biochemistry is regarded a dull topic. Not many learners ...

Biochemistry is regarded a dull topic. Not many learners like to research it in school since it includes a thorough comprehension of issue and clinical changes in the framework, fr

Price system, Price System: Demand is the quantity of a commodity that...

Price System: Demand is the quantity of a commodity that consumers are willing and are able to buy at a given price at a given time period when all other things remain the sam

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages