When Something of Value Has No Price Attached to It

question 376

Multiple Choice

When something of value has no price attached to it,

• A)externalities will be present.
• B)production of the product has no cost.
• C)government should not intervene to produce the product.
• D)private companies will eventually produce the product, and the good will no longer be free.

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Definitions:

Antitrust Laws

Regulations put in place to prevent unfair practices that restrict competition, such as monopolies and cartels.

Physical Attractiveness

Refers to the degree to which a person's physical features are considered aesthetically pleasing or beautiful.

Long-Term Partner

An individual with whom one maintains a prolonged romantic, sexual, or significant relational commitment.

Missed Opportunities

Situations or instances when a potential benefit, advancement, or progress was not realized or taken advantage of.