Markets with External Costs Are Inefficient, Whereas Markets with External

question 169

True/False

Markets with external costs are inefficient, whereas markets with external benefits are efficient.

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Definitions:

Physical Health

The general condition of the body in terms of disease presence, fitness levels, and overall physiological well-being.

Sexual Performance

An individual's ability to perform sexually, often concerning endurance, satisfaction, and capability.

Fatigue

A state of persistent tiredness or weakness, which can be physical or mental, and is often triggered by exertion, stress, or health conditions.

Social Well-being

The extent to which individuals feel a sense of belonging and inclusion in their social groups and communities, impacting their overall happiness.