When Some Fraction of the Benefit of an Activity Is

question 89

Multiple Choice

When some fraction of the benefit of an activity is received by people not participating in the activity,it is called a(n)

• A) winner's curse.
• B) positive externality.
• C) external cost.
• D) negative externality.
• E) efficient allocation.

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Definitions:

Text Messages

Electronic messages sent over a cellular network from one cell phone to another by typing words, often abbreviated.

Restless Leg Syndrome

A neurological disorder characterized by an irresistible urge to move the legs, often accompanied by uncomfortable sensations.

Control Group

A group in an experiment or study that does not receive the experimental treatment, used as a baseline to compare the effects of the treatment.

Significant Relief

A substantial decrease in discomfort or distress, often measured in medical or therapeutic settings.