Which of the following is a solution to the problem of externalities? a) all of these are...

Question:

Which of the following is a solution to the problem of externalities?

a) all of these are potential solutions

b) regulation

c) private bargaining

d) scale of the right to impose externalities

Externality:

The externality refers to the cost or benefits that acquired or received by a third party, whereas the third party cannot manage over the creation of the cost or benefits. It has both positive and negative externality.

Answer and Explanation:

Become a Study.com member to unlock this answer!

View this answer

The externalities happen in an economy when the consumption and production of a particular product and services that impact the third party, which is...

See full answer below.


Learn more about this topic:

Loading...
Economic Constraints: Definition & Concept

from

Chapter 1 / Lesson 13
22K

Learn about economic constraints. Read a detailed definition of economic constraints, learn how constraints affect a business plan, and see examples of constraints.


Related to this Question

Explore our homework questions and answers library