Assignment 1: Training and Development in Small Businesses Select a small business with which you are familiar.
September 3, 2020
A rise in the price of a good causes an decrease in its a. supply b. quantity supplied c. quantity demanded 2.Assume that cotton and wool are…
September 3, 2020

Consider a good produced in a competitive market that has external costs. Too ______________ of the good will be produced for economic efficiency and the price will be ______________ than the price that will convince consumers to purchase the efficient amount.

A. Little; lower

B. Little; higher

C. Much; lower

D. Much; higher

I feel like its either (C. Much; lower) or (A. Little; lower) but can’t really be sure which one is more correct. Any help would be appreciated.

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