When Firms in an Industry Have Fully Internalized a Production

question 92

Multiple Choice

When firms in an industry have fully internalized a production externality,

• A) they produce at more than the optimal level of output.
• B) the marginal social cost is zero.
• C) it is not possible to achieve allocative efficiency.
• D) they bear the entire social marginal cost of production.
• E) they produce at less than the optimal level of output.

Identify common barriers to reporting ethical misconduct in organizations.

Understand different parenting styles and their impact on child development.

Recognize the factors that influence disciplinary practices across different families.

Identify the most effective and common discipline techniques for managing children's behavior.

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Definitions:

Bacterial Niche

Specific environments or conditions where certain bacteria can thrive and survive better than in other places.

Large Genome

Describes an organism whose DNA contains a significantly large number of base pairs, which can result in more complex genetic information.

Host-Restricted Symbionts

Symbiotic organisms that are confined to living within a specific host or set of hosts, having a mutual or commensal relationship.

Free-Living Bacterium

A free-living bacterium is one that exists independently in the environment, not requiring a host organism for survival.