A-LevelEconomicsGovernment microeconomic intervention9708/12 · Oct/Nov 2012 · Q151 Mark
What will be the result, from society's view, if the market price for a product does not reflect the negative externalities in its production?
Atoo little consumption and too little production
Btoo little consumption and too much production
Ctoo much consumption and too little production
Dtoo much consumption and too much production
✓ Correct answer
D: too much consumption and too much production
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