Respuesta :
In comparison to the level of output that is efficient, both the equilibrium market quantity and the equilibrium market price are too low.
in the event that a market equilibrium has a negative externality?
When there are negative externalities, extra output happens because the producer does not cover all the costs. Because the customer does not receive all the advantages of the good, there is less production when there are positive externalities.
Why does the market's equilibrium price and quantity represent its most effective levels?
The reason for this is because supply and price are closely related. If an item is more expensive, the producer will be more motivated to make it. As a result, a product's supply grows along with its price.
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