Externalities Are Fundamentally the Result of

question 96

Multiple Choice

Externalities are fundamentally the result of

• A) the absence of competition in a market.
• B) the lack of well-defined or enforced property rights.
• C) poor information on the part of consumers.
• D) the presence of significant comparative advantages in production.

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Definitions:

Dissatisfying

Causing discontent or discomfort; not meeting an individual's expectations or desires.

Existing Group

A set of individuals who are currently assembled as a team or cohort within an organization or for a specific purpose.

Sole Basis

The only reason or foundation upon which a decision or action is based.

Job Description

A formal account of an employee's responsibilities, duties, and the requirements for a specific position within an organization.