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In economics, Externality means:

A. An externality is a cost or benefit which is not transmitted through prices

B. An externality is a cost or benefit which is transmitted through prices

C. An externality is a production received through external resources

D. None of the above

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Most of the supply curves with which the average consumer deals are:
  2. In monopolistic competition, the firms follow:
  3. At high prices, demand is likely to be:
  4. Each firm in cournot model can:
  5. By reducing the prices of its products below those of its competitors, a perfectly competitive seller:
  6. The MC curve cuts the AVC and ATC curves:
  7. The Chamberline model recognizes mutual:
  8. Change in quantity demanded refers to:
  9. When in a market, the number of buyers is very large and the number of sellers is very small, it is…
  10. Which of the following formula determine the income elasticity of demand?:
  11. Neutral Technological Progress can be defined as:
  12. The reaction curve of a firm is attained by joining the:
  13. Income distribution effects:
  14. In monopolistic competition, the customers are attached with one product because of:
  15. Who first used the term Quasi-Rent?
  16. In monopolistic competition, the firms face:
  17. Which industries spend a relatively large share of their revenue on research and development in order…
  18. When a consumer reached at the point of saturation then marginal utility (MU) is:
  19. When total revenue is maximum in monopoly, elasticity of demand is:
  20. Technological efficiency:
  21. In monopolistic competition, because of difference in choices, the firm charges:
  22. In measuring price-elasticity:
  23. Indifference curve represents:
  24. In sweezy model (kinked demand curve model), the role of MC curve:
  25. The demand of the necessities is:
  26. The short-run periods in monopolistic competition are:
  27. The number of sellers in oligopoly are:
  28. The Latin term citeris paribus means:
  29. Production indifference curve (isoquant) is a curve which shows:
  30. If regardless of changes in its price, the quantity demanded of a commodity remains unchanged, then…