There Is a Negative Externality,but No Positive Externality

question 50

Multiple Choice

There is a negative externality,but no positive externality. It follows that

• A) the market outcome is inefficient.
• B) the market outcome is efficient.
• C) MSC > MPC
• D) MPC > MSC
• E) a and c

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Definitions:

Case Records

Official documents detailing the proceedings, evidence, and decisions in a legal case.

Amicus Curiae Brief

A document submitted to a court by someone not directly involved in the case under consideration, offering information, expertise, or insight that has a bearing on the issues.

Litigation Brief

A document that presents arguments, facts, and evidence to support a party's position in a legal case.

Writ of Certiorari

A legal order issued by a higher court to a lower court to send up records of a case for review, often used by the Supreme Court to select specific cases for examination.