Which of the Following Is True If a Negative Externality

question 39

Multiple Choice

Which of the following is true if a negative externality is associated with the sale of gasoline

• A) Third parties other than the buyers and sellers of gasoline receive benefits.
• B) Third parties other than the buyers and sellers of gasoline bear costs.
• C) The marginal social cost of gasoline exceeds its marginal private cost.
• D) both b and c

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Definitions:

Lewis Structure

A graphical representation showing the arrangement of valence electrons around atoms within a molecule, indicating bonds and lone pairs.

Lone Pair

A lone pair refers to a pair of valence electrons that are not shared with another atom and are located in the outer shell of an atom, contributing to the molecule's shape.

Ethene

A colorless flammable gas, also known as ethylene, used as a plant hormone and in the production of polymers such as polyethylene.

Lewis Structure

A diagrammatic method for representing the electron configuration in molecules, showing how valence electrons are arranged among atoms in a molecule.