Suppose a Candy Producer and Doctors at a Hospital Seek

question 127

Multiple Choice

Suppose a candy producer and doctors at a hospital seek a private remedy to an externality problem. This means the

• A)two parties affected will negotiate with each other to internalize the externality.
• B)candy producer will have to move to another state.
• C)candy producer will shut down.
• D)city mayor will decide who internalizes the externality.
• E)hospital will shut down.

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Definitions:

Car Dealer

A business that sells new or used cars at the retail level, based on a dealership contract with an automaker or its sales subsidiary.

Demonstrator Model

A product, often vehicles, used for demonstrations and usually sold at a discount after serving its purpose.

Collect Like Terms

The method of merging terms in an algebraic expression that possess identical variables elevated to the identical exponent.

Simplify

The process of making something less complicated or easier to understand, often applied in mathematical expressions or complex ideas.