Assuming a Negative Externality, the Price of a Good Will

question 1

True/False

Assuming a negative externality, the price of a good will be lower than if the price was set in a competitive environment without an externality.

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Definitions:

Social Capital Dimension

Aspects of social networks and relationships that facilitate cooperation, trust, and mutual benefit among individuals or groups.

Contacts

Individuals or entities that one knows, especially regarded as a source of information or in a professional context to gain advantages.

Social Capital

A term representing the networks, relationships, and norms that facilitate collective action within or among groups.

Social Ties

The connections and relationships between individuals or groups that can provide support, information, or access to resources.