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8 October, 13:29

How do externalities in the production of electricity result in market failure ? Because of externalities, the market for electricity will

A. result in a surplus of electricity.

B. generate too much economic surplus.

C. provide too much electricity.

D. provide insufficient electricity.

E. result in a price for electricity that is inefficiently high.

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Answers (1)
  1. 8 October, 14:54
    0
    C. provide too much electricity.

    Explanation:

    This is because the electricity market cannot accurately know how many electricity it's providing, resulting in them providing more electricity to the people or businesses than they should, thus causing a deficit and making the electricity market lose money.
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Home » Social Studies » How do externalities in the production of electricity result in market failure ? Because of externalities, the market for electricity will A. result in a surplus of electricity. B. generate too much economic surplus. C. provide too much electricity.
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