Social Studies, 02.09.2019 17:30, Khalifasmart21
On the fourth of july, there is no fireworks display in the small town of yankeeville, even though it would be efficient for such a display to be produced. which of the following statements is correct?
a. in deciding not to produce a fireworks display in yankeeville, private individuals and private firms made decisions that were privately rational but socially inefficient.
b. the lack of a fireworks display in yankeeville is a case of market failure.
c. the lack of a fireworks display in yankeeville arises because of an externality.
d. all of the above are correct.
Answers: 3
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On the fourth of july, there is no fireworks display in the small town of yankeeville, even though i...
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