When External Costs Are Present

question 29

Multiple Choice

When external costs are present,

• A)There is market failure.
• B)There is government failure.
• C)Private costs are greater than social costs.
• D)The market conveys the full costs of production.

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Definitions:

Hunting Group Size

The number of individuals in a group that come together to hunt prey, influencing the strategy and success of the hunt.

Prey Abundance

The availability or population density of prey species in a given area, influencing the dynamics of predator-prey interactions.

Imprinting

A form of learning occurring at a particular life stage that is rapid and apparently independent of the consequences of behavior.

Social Learning

Learning through observing others and imitating them.