In a Competitive Market with a Negative Externality, Firms Produce

question 36

Multiple Choice

In a competitive market with a negative externality, firms produce an

• A)amount and quality of output most desired by the market.
• B)amount sometimes less and sometimes more than the efficient quantity.
• C)efficient amount of output.
• D)amount less than the efficient quantity.
• E)amount more than the efficient quantity.

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Definitions:

Monarchical Tendencies

Behaviors or practices within a political or organizational structure that resemble or lean towards a monarchy, such as centralized control or hereditary leadership.

Lust for Power

An intense desire or ambition to hold and exert power or control over others.

Articles of Confederation

The original constitution of the United States, ratified in 1781, which was replaced by the US Constitution in 1789.

Military Powers

The authorities and capabilities vested in a country's armed forces for defense, conflict resolution, and enforcement of national or international mandates.