Externalities Are Costs That Don't Show Up as Part of the Market

question 52

True/False

Externalities are costs that don't show up as part of the market price for a product.

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Definitions:

VoIP

Voice over Internet Protocol, a technology that allows for making voice calls using a broadband Internet connection instead of a regular phone line.

SMTP

Simple Mail Transfer Protocol; a standard protocol used for sending emails across the Internet, ensuring the reliable and secure delivery of outgoing mail.

PGP

Pretty Good Privacy, a data encryption and decryption computer program that provides cryptographic privacy and authentication for data communication. PGP is often used for securing emails.

Encryption

Encoding information or data to protect it against access by unauthorized individuals.