If Production of a Good Creates an External Cost, the Amount

question 67

Multiple Choice

If production of a good creates an external cost, the amount of output where the marginal social benefit equals the marginal private cost is

• A) inequitable.
• B) efficient.
• C) inefficient.
• D) unattainable.

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Definitions:

Hallucinations

Sensory experiences that appear real but are created by the mind, without external stimuli, and can affect all senses.

Voices

Auditory perceptions that are experienced without an external stimulus and are often associated with certain mental health conditions.

Loosening Of Associations

A thought disorder characterized by a breakdown in the logical progression of thoughts, often seen in schizophrenia.

Adolescence

The phase of growth both physically and mentally that usually takes place from the onset of puberty until reaching the age of majority.