Private markets with negative externalities are inefficient because:

a. the price is too high and the quantity is too high
b. the price is too high and the quantity is too low
c. the price is too low and the quantity is too high
d. the price is too low and the quantity is too low

Question

Private markets with negative externalities are inefficient because:

a. the price is too high and the quantity is too high
b. the price is too high and the quantity is too low
c. the price is too low and the quantity is too high
d. the price is too low and the quantity is too low

Private markets with negative externalities are inefficient because:

a. the price is too high and the quantity is too high

b. the price is too high and the quantity is too low

c. the price is too low and the quantity is too high

d. the price is too low and the quantity is too low

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Private markets with negative externalities are inefficient because: a. the price is too high and the quantity is too high b. the price is too high and the quantity is too low c. the price is too low and the quantity is too high d. the price is too low and the quantity is too low