Which of the Following Statements Is True

question 185

Multiple Choice

Which of the following statements is true?

• A)When production of a good yields positive externalities but output is currently at the market level, then a change in output to the socially optimal level will certainly be for the worse.
• B)When production of a good yields negative externalities but output is currently at the market level, then a change in output to the socially optimal level will cause benefits to increase by an amount greater than costs will increase.
• C)When production of a good yields positive externalities but output is currently at the market level, then a change in output to the socially optimal level will cause benefits to increase by an amount less than costs will increase.
• D)a, b, and c
• E)none of the above

---

Definitions:

Consumer Buying Process

The steps that consumers go through when deciding to purchase a product or service, typically including need recognition, information search, evaluation of alternatives, purchase decision, and post-purchase behavior.

Stages

The distinct phases or steps in a process or development, often used to describe progress in marketing, product development, or business growth.

Organizational Buying Behavior

The decision-making process and actions of organizations in the purchase of goods and services for business operations.

Organizational Buying Criteria

The standards or benchmarks that companies use to evaluate products and services for purchase decisions.