If a good that generates negative externalities were priced to take into account these negative externalities, then its:A) Price would decrease and its output would increaseB) Output would increase but its price would remain constantC) Price would increase and its output would decreaseD) Price would increase but its output would remain constant

Answers

Answer 1

Answer:

C) Price would increase and its output would decrease

Explanation:

Negative externality is when the cost of economic activities to third parties exceeds the benefits.

Government can discourage the production of activities that produce negative externality by imposing tax. This type of tax is known as pigouvian tax. This tax increases cost and discourages production and reduces output.

For example, smoking is an activity that produces negative externality by harming non smokers around. Government can impose taxes on cigarettes, this would increase the price of cigarettes. Cigarettes would become more expensive and the quantity consumed would fall and as a result the output of negative externality (smoke) would fall.

I hope my answer helps you.

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In perfect competition, sellers have _____ control over price.no
complete
a lot of

Answers

The correct word to complete the sentence In perfect competition, sellers have ____ control over price.Iť is complete. While the other words may fit in the sentence, complete makes the most sense as the sellers are in perfect competition and want to get the most business with the lowest prices.

In perfect competition, sellers have COMPLETE control over price.

" Brad always buys and uses Nike brand golf balls. If he finds a Titlelist or Callaway ball in the rough, he gives it away. Brand loyal golfers like Brad allow Nike to charge a higher price and not lose many sales. Nike has effectively: "

Answers

Answer:

b. reduced the price elasticity of demand for its products.

Explanation:

The price elasticity of demand refers to the relationship between the percentage change in the price of a good and the percentage change in the quantity demanded

Like it in the question, it is mentioned that Nike charged a higher price and does not want to lose many sales which results that it declines the price elasticity of product demands

Justify the establishment of a state-owned company

Answers

State-owned companies are usually found to have control over something that is necessary for the well-being of the state. For example, a road building company will often be found in various states as a state owned enterprise because it can build all roads throughout the state and create a standard that is never different. This prevents private companies from monopolizing with toll prices, or from stealing, making lower quality roads, and similar.

What is a public good?

Answers

Answer:

a shared good or service for which it seems impractical to make consumers pay individually and to exclude nonpayers

Explanation:

a non-profitable service that is provided to anyne in society

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Answers

Factors such as life expectancy, energy consumption, per capita GDP, literacy rates, and infant mortality rates are used to measure the development of a country.

When you finance a car, the car then becomes _____ for the loan. a down payment credit collateral the title?

Answers

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the answer is collateral

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