An Externality Exists Whenever

question 370

Multiple Choice

An externality exists whenever

• A)the economy cannot benefit from government intervention.
• B)markets are not able to reach equilibrium.
• C)a firm sells its product in a foreign market.
• D)Bobbi engages in an activity that influences the well-being of Rosa and yet Bobbi neither pays nor receives payment for that influence.

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Definitions:

Prewrite

The process of planning and organizing thoughts before writing, which includes brainstorming and outlining.

Written Argumentation

The process of using evidence and reasons to support claims in writing, aiming to persuade or inform the reader.

Key Elements

Fundamental components or aspects that are crucial for the structure, function, or understanding of a whole.

Pro And Con

Arguments or considerations for and against a certain decision, action, or proposition.