All Externalities

question 458

Multiple Choice

All externalities

• A)cause markets to fail to allocate resources efficiently.
• B)cause equilibrium prices to be too high.
• C)benefit producers at the expense of consumers.
• D)cause equilibrium prices to be too low.

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Definitions:

Nasal Septum

The cartilage and bone wall that divides the nasal cavity into two nostrils, which can sometimes be deviated, causing breathing difficulty.

Paranasal Sinuses

Air-filled spaces located within the bones around the nasal cavity, contributing to the resonance of voice and humidifying the air we inhale.

Cilia

Microscopic, hair-like structures that protrude from the surface of cells, involved in movement and sensing environmental stimuli.

Pharynx

The muscular tube at the back of the nose and mouth that connects them to the esophagus.