When Externalities Are Present in a Market, the Well-Being of Market

question 369

Multiple Choice

When externalities are present in a market, the well-being of market participants

• A)and market bystanders are both directly affected.
• B)and market bystanders are both indirectly affected.
• C)is directly affected, and market bystanders are indirectly affected.
• D)is indirectly affected, and market bystanders are directly affected.

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Definitions:

Positive Buffer

Positive buffer is a technique used in communication to soften the impact of negative news or feedback with preceding positive statements.

Acknowledges Receipt

The confirmation of having received something, such as a document, message, or goods.

Indirect Claim Message

An indirect claim message is a communication method where the writer first presents reason and explanation before stating a complaint or request, aiming to minimize potential conflict or opposition.

Positive Relationship

A connection or interaction characterized by mutual respect, cooperation, and beneficial outcomes for all involved parties.