-In the Market,an Externality Exists

question 97

Multiple Choice

-In the market,an externality exists.From the diagram above,one can deduce that it is a

• A) negative externality.
• B) positional externality.
• C) positive externality.
• D) positional arms race.
• E) prisoner's dilemma.

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Definitions:

Sequence of Operations

The specific order in which tasks or activities must be carried out to complete a process or manufacture a product efficiently.

Component

An individual part or element that, when combined with others, forms a complex product, system, or assembly.

Process Sheet

A document that provides details on the steps, materials, and equipment needed to complete a job or manufacturing process.

Route Sheet

A document that provides detailed instructions and sequences for production processes, including operations to be performed, equipment to be used, and time required.