An External Cost Is Built into the Market Price of a Good

question 101

True/False

An external cost is built into the market price of a good and thus paid by the consumers.

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Definitions:

Child Protective Services

Government agencies designed to respond to reports of child abuse and neglect, aiming to ensure the safety and well-being of children.

Parenting Practices

The actions and strategies parents use in raising their children, which affect child development and behaviour.

Abuse

The act of mistreating or harming someone physically, emotionally, sexually, or psychologically in a way that causes trauma or injury.

Tarasoff Case

A landmark legal case that established the duty of mental health professionals to warn identifiable victims when their client makes a credible threat of violence towards them.