An External Cost Would Cause _______ Production of the Good

question 187

Multiple Choice

An external cost would cause _______ production of the good and may require a _______ to internalize the externality into the market.

• A) too much; tax
• B) too much; subsidy
• C) too little; tax
• D) too little; subsidy

---

Definitions:

Predictive Modeling

The use of statistical techniques and algorithms to forecast future events or trends, based on historical data and analysis.

Statistical Analysis

The process of collecting, exploring, and presenting large amounts of data to discover underlying patterns and trends and make decisions.

Ticket Sales

The process of selling admission to events, such as concerts, movies, or sports games.

Chief Privacy Officer

An executive responsible for an organization's data privacy policies and compliance with data protection laws.