Asked by
Ayesa Guerrero
on Dec 08, 2024
Verified
Refer to Figure 16.2. The efficient amount of cars is
A) 25.
B) 35.
C) zero because any production results in an external cost.
D) indeterminate from the information given.
Efficient Amount
The quantity of a good or service that achieves the optimal balance between benefits and costs, maximizing societal welfare.
- Learn about the concept of ideal production throughput in the context of external influences.
- Identify scenarios in which market-based solutions can internalize externalities and restore efficiency.
Verified Answer
IC
Learning Objectives
- Learn about the concept of ideal production throughput in the context of external influences.
- Identify scenarios in which market-based solutions can internalize externalities and restore efficiency.
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