A Negative Externality Exists When

question 21

Multiple Choice

A negative externality exists when

• A)marginal social costs are less than marginal private costs.
• B)marginal social costs are greater than marginal private costs.
• C)marginal social benefits are less than marginal private benefits.
• D)marginal social benefits are greater than marginal private benefits.
• E)b and c

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Definitions:

Wound Drainage

The process of removing or allowing the exit of fluids from a wound, often through natural or artificial means, to promote healing and prevent infection.

Infection Prevention

The practice of implementing measures and protocols to reduce the spread of infectious diseases in healthcare and community settings.

Susceptible

The likelihood or tendency to be affected by a given condition or circumstance.

Fractured Hip

A break in the upper part of the femur (thigh bone), often as a result of a fall or direct impact to the hip.