When External Costs Are Present

question 71

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.

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Definitions:

Publicity

The act of making something attract the public's attention, often through the media, to generate interest or support.

Social Media Sites

Digital platforms that enable users to create, share, or exchange information, ideas, and content in virtual communities and networks.

American Adults

Individuals over the age of 18 living in the United States, representing various demographics, cultures, and backgrounds.

Broadcast News

The dissemination of news and current events to the public via television, radio, or internet broadcasts.