When Externalities Exist, Buyers and Sellers

question 49

Multiple Choice

When externalities exist, buyers and sellers

• A)neglect the external effects of their actions, but the market equilibrium is still efficient.
• B)do not neglect the external effects of their actions, and the market equilibrium is efficient.
• C)neglect the external effects of their actions, and the market equilibrium is not efficient.
• D)do not neglect the external effects of their actions, and the market equilibrium is not efficient.

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Definitions:

Birth Canal

The passageway through which a fetus travels during childbirth, encompassing parts of the mother’s body including the cervix, vagina, and vulva.

Circulatory Systems

The system in the body responsible for transporting blood, nutrients, gases, and wastes to and from cells.

Cesarean Section

A cesarean section, or C-section, is a surgical procedure used to deliver a baby through incisions made in the mother's abdomen and uterus, often performed when vaginal delivery would put the baby or mother at risk.

Biofeedback Method

A technique used to teach control over physiological functions by using electronic monitoring devices to convey information about physiological processes.