Business, 14.11.2019 02:31 jeanbeansmith2p2ofty

Since externalities tend to keep markets from reaching a socially optimal equilibrium, government action
a. will be needed only to correct for positive externalities.
b. is always needed because private solutions can never be attained.
c. is needed when private solutions fail to arise.
d. will be needed only to correct for negative externalities.

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Since externalities tend to keep markets from reaching a socially optimal equilibrium, government ac...