When Private and Social Costs Are Equal

question 99

Multiple Choice

When private and social costs are equal,

• A)Market failure occurs.
• B)There are no external costs.
• C)Government failure occurs.
• D)There is no opportunity cost.

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Definitions:

Transition

Transition refers to the process or period of changing from one state or condition to another, often used in the context of personal, professional, or societal changes.

School Setting

An educational environment or context where formal learning and teaching occur.

Dropping Out

the act of leaving school or another educational institution before completing the course of study.

Prevent

Prevent refers to taking measures to ensure something undesirable, such as an issue or condition, does not happen.