Which of the Following Must Be Present to Reach a Private

question 78

Multiple Choice

Which of the following must be present to reach a private solution to an externality problem?

• A)A majority of the parties affected by the externality must agree to a solution.
• B)The transactions costs to negotiate a solution must be relatively low.
• C)The total number of people, creators of the problem and those affected, must be relatively large to justify negotiating a solution.
• D)The government must approve the solution for it to be a legal solution.

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Definitions:

Inner Ear

The innermost part of the ear, comprising the cochlea, vestibule, and semicircular canals, vital for hearing and balance.

Speech

The vocalized form of human communication that involves articulated sounds and words to convey messages and express thoughts.

Segments

Divisions or parts of a whole, often used to describe sections of organisms or structures within them.

Rates

Quantitative measures that represent a relationship between two quantities, showing how one quantity changes in relation to another.