Externalities

question 85

Multiple Choice

Externalities

• A)Occur because of government failure.
• B)Are the costs or benefits of market activities that "spill over" onto third parties.
• C)Occur because of selfish consumers.
• D)Occur because demand is hidden.

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Definitions:

Variety

The presence of differences or a range of different things within a particular area, group, or system.

Standard Databases

Databases that follow widely accepted models, norms, or structures, making them accessible and usable across different systems or applications.

Unstructured

Lacking a fixed, organized system or arrangement, often leading to flexibility in approach or the potential for unpredictability.

Standard Databases

Predefined collections of data organized according to a fixed schema, used in software applications for efficient data management and retrieval.