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Economic bads are items

a. that individuals desire but which receive social disapproval.
b. that receive social approval but which governments dislike.
c. for which the produced quantity is less than the amount desired at a positive price.
d. for which the desired quantity is less than what nature provides at a zero price.

1 Answer

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Economic bads for which the desired quantity is less than what nature provides at a zero price.
Those are items people would pay to avoid or get rid of. They are the opposite of an economic good
Examples of economic bads include: pollution, noise, unhealthy food, risk, losss of resources,...
User Cristian Rodriguez
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