Negative Externalities- such as pollution and alcohol; Positive Externalities- such as education and health; Imperfect Information- for example, a second-hand car is sold as new; Monopolies- such as Government Monopolies sometimes; Merit goods- such as education and libraries; De-merit goods- such...
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GO ON TO THE NEXT PAGE. -14- 12. An environmental scientist wants to test the null hypothesis that an antipollution device for cars is not effective. Under which of the following conditions would a Type I error be committed? (A) The scientist concludes that the antipollution device is ...