A Negative Externality Is Said to Exist If

question 13

Multiple Choice

A negative externality is said to exist if:

• A)the private marginal cost exceeds the private marginal benefit.
• B)the producer and the consumer surplus for a particular good are not equal.
• C)a tax imposed on the production of a particular good results in a deadweight loss.
• D)the social costs exceed the private costs.

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Definitions:

Rich In Protein

Describes foods or substances that contain a high proportion of protein, which is essential for the body's tissue growth and repair.

Taste Sensation

Taste sensation is the experience of a flavor perceived in the mouth and throat on contact with a substance.

Identify Scents

The ability to recognize and distinguish different odors using the sense of smell.

Physical Condition

The overall health and fitness level of an individual, often determined by physical activity and lifestyle choices.