Explain Why an External Benefit Leads to an Under-Allocation of Resources

question 314

Essay

Explain why an external benefit leads to an under-allocation of resources to the production of a good.

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Definitions:

Ascocarp

The fruiting body of ascomycete fungi, where the spores, called ascospores, are produced within sac-like structures called asci.

Sporangium

Structure that produces spores.

Flagellated

Describes organisms or cells possessing one or more whip-like structures called flagella, used for movement.

Protista

A kingdom of diverse eukaryotic organisms, mostly unicellular, that are not animals, plants, or fungi, including algae, amoebas, and paramecia.