Which of the Following Suggests That Private Markets Can Be

question 448

Multiple Choice

Which of the following suggests that private markets can be effective in dealing with externalities?

• A)the "invisible hand"
• B)the law of diminishing social returns
• C)the Coase theorem
• D)technology policy

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Definitions:

Market Segment

A subgroup of people or organizations sharing one or more characteristics that cause them to have similar product needs, allowing for more targeted marketing strategies.

Consumer Income

The total earnings of consumers, influencing their purchasing power and spending habits.

Consumer Tastes

Preferences and likes of consumers, which can vary widely and influence their purchasing decisions.

Similar Products

Items or services that share common features, functions, or characteristics with others, often within the same category.