Consider a Setting in Which There Is a Negative Externality,but

question 15

Multiple Choice

Consider a setting in which there is a negative externality,but no positive externality.It follows that

• A) the market outcome is inefficient.
• B) the market outcome is efficient.
• C) MSC > MPC
• D) MPC > MSC
• E) a and c

---

Definitions:

Behavioral Traits

Observable and measurable behaviors that are often consistent and unique to an individual.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing patterns of thought, emotion, and behavior.

Consistent

Showing steady conformity to a standard, pattern, or expectation without significant variation.

Five-factor Model

A model that outlines five broad personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism, used in psychology to describe human personality.