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MMLU-Pro / 7503 / A negative externality in the market for a good exists when

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

A negative externality in the market for a good exists when

category

economics

options

  1. spillover benefits are received by society.
  2. total welfare is maximized.
  3. the marginal social benefit equals the marginal social cost.
  4. the marginal private benefit equals the marginal social cost.
  5. there are no spillover benefits or costs to society.
  6. the market overallocates resources to the production of this good.
  7. total welfare is minimized.
  8. the market underallocates resources to the production of this good.
  9. spillover costs are absorbed by the producer.

src

ori_mmlu-high_school_microeconomics

Discussion

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Source and history

upstream_id / Original problem ID
7503
task_id
23668454-c0c6-52df-a6c9-87ce45a00b39
task_key
default--test--7503
task_revision_id
1
config / split
default / test

Official source

initial import