An Externality Is Defined as

question 34

Multiple Choice

An externality is defined as

• A)an additional cost imposed by the government on producers.
• B)an additional gain received by consumers from decisions made by the government.
• C)a cost or benefit that arises from production and falls on someone other than the producer, or a cost or benefit that arises from consumption and falls on someone other than the consumer.
• D)a marginal social cost.
• E)the additional amount consumers have to pay to consume an additional amount of a good or service.

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Definitions:

Institutionalized Conflict

Conflict that arises within institutions or organizations due to structural imbalances, power dynamics, or differing interests and goals.

Revise Organizational Policies

The process of reviewing and updating the rules, guidelines, and procedures that govern an organization to ensure they remain relevant and effective.

Stable Self-Concept

A consistent and coherent sense of self that remains unchanging over time.

Inner Conflict

A psychological struggle within oneself, often between competing desires or needs.