An Externality Is Present in a Free Market Whenever

question 98

Multiple Choice

An externality is present in a free market whenever:

• A) a monopolist spends funds to keep potential competitors out of the market.
• B) an activity generates costs or benefits that are not reflected in market prices.
• C) firms hire employees from outside the firm to fill positions normally filled by promotion from within the firm.
• D) a tax is imposed on the supplier of a good.

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Definitions:

Sex Stereotypes

Generalized views or preconceived ideas about individuals based solely on their biological sex, often leading to biased attitudes and behaviors.

Competence

The ability of an individual to do a job properly, encompassing a combination of skills, knowledge, and experience.

Male Subtypes

Categories or groups based on distinct characteristics, behaviors, or roles associated with males in a given context.

Sexism

Prejudice and discrimination against people based on their gender.