A Positive Externality (That Has Not Been Internalized) Causes the

question 33

Multiple Choice

A positive externality (that has not been internalized) causes the

• A) equilibrium quantity to exceed the optimal quantity.
• B) equilibrium quantity to equal the optimal quantity.
• C) optimal quantity to exceed the equilibrium quantity.
• D) equilibrium quantity to be either above or below the optimal quantity.

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Definitions:

Part-Time College

Refers to attending college courses or pursuing a degree with a reduced course load, allowing for less than full-time enrollment.

Academic Record

The formal documentation of a student's educational performance and achievements.

Average Cost

The total cost divided by the number of goods or services produced or acquired.

Shares

Ownership stakes in a company or financial asset that are divided equally among shareholders, allowing them to receive proportional shares of any declared profits through dividends.