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Business, 23.09.2019 19:30 hulyy2

Which of these statements concerning externalities is correct? a there would be no justification for government involvement in the economy if it were not for externalities. b an externality can only arise when one person (or a small group of persons) has the ability to unduly influence market prices. c an externality arises when one person's actions have an impact on the well-being of others. d an externality can arise only when two or more countries are engaged in trade with one another.

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Which of these statements concerning externalities is correct? a there would be no justification fo...
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