After Correcting an Externality,the Equilibrium Price and Quantity Both Rose

question 143

Multiple Choice

After correcting an externality,the equilibrium price and quantity both rose.The externality must have been a(n)

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

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Definitions:

Communicating

The process of sharing information, ideas, feelings, and messages with others.

Leadership Qualifications

The skills, knowledge, and attributes that make an individual suited to lead others.

Antonakis

Likely refers to John Antonakis, a leadership researcher known for his work on leadership and organizational behavior.

Charisma

A personal quality of individual leaders that inspires and attracts followers, often leading them to give strong support.