Question
Question 1) Dumping raw sewage into boston harbor is an example of

A) a negative externality
B) a positive externality
C) a private cost
D) a sunk cost

Question 2) Oil is an example of a renewable resource.

A) TRUE
B) FALSE
others questions are taken in pictures attach please check

thank you


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Question 2 Oil is an example of a renewable resource. True O False
Question 3 Public utilities are either government-owned or government-regulated firms. True False
Question 4 A monopoly is likely to charge a higher price than an otherwise similar competitive industry would be. True False
Question 5 Property rights can be defined and enforced only by the governemnt only by ethical norms by the government and by
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Question 7 A person can cause a negative externality by becoming immunized talking loudly in a restaurant landscaping her law
Question 8 A regulated natural monopoly that must set price equal to average cost will suffer an economic loss earn a net eco
Question 9 Most local phone companies face a horizontal demand curve are regulated O are called public utilities Oare natural
Question 10 Producers play a disproportionately large role in influencing public regulation because they have a strong intere
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Answer #1

ANSWER 1:-

(a) a negative externality

Dumping raw sewage into Boston harbor is an example of a negative externality

ANSWER 2:-

FALSE

Oil is the nonrenewable resources.

ANSWER 3:-

The answer is FALSE.

ANSWER 4:-

TRUE

Monopolistic typically charge higher prices than competitive firms.

ANSWER 5:-

(e) by government, by informal social actions, and by ethical norms.

​​

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