An Externality Is Internalized If

question 32

Multiple Choice

An externality is internalized if

• A)the person(s) or group that generated the externality incorporate into their own private cost-benefit calculations the external benefits (in the case of a positive externality) or the external costs (in the case of a negative externality) that third parties bear.
• B)people are made aware of it and realize that social benefits are less than private benefits (in the case of a positive externality) and that social costs are less than private costs (in the case of a negative externality).
• C)the person(s) or group that generated the externality do not incorporate into their own private cost-benefit calculations the external benefits (in the case of a positive externality) or the external costs (in the case of a negative externality) that third parties bear.
• D)b and c
• E)none of the above

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Definitions:

Implementation

The process of putting a decision, plan, strategy, or law into effect in order to achieve intended results or outcomes.

Marketing Programs

Coordinated efforts to reach marketing objectives through advertising, promotion, public relations, and sales strategies.

CMO Role

Chief Marketing Officer, a corporate executive responsible for overseeing the planning, development, and execution of an organization's marketing and advertising initiatives.

Critical Things

Essential elements or factors that are of utmost importance and require immediate attention or consideration.