A Negative Externality Occurs When Marginal Social Costs Exceed Marginal

question 67

True/False

A negative externality occurs when marginal social costs exceed marginal private costs.

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Definitions:

Harm Model

A conceptual framework used to evaluate the negative impacts or potential dangers associated with certain actions or decisions.

Organizational Effects

The impacts or outcomes that policies, decisions, or actions have on the functioning and performance of an organization.

Absenteeism

The habit or practice of frequently being absent from work or duties without a good reason.

Productivity

The measure of efficiency with which goods and services are produced, often evaluated by the output per unit of input over a specific period of time.