When a Negative Production Externality Is Present in a Market

question 97

Multiple Choice

When a negative production externality is present in a market:

• A)private costs are less than social costs.
• B)private costs are less than external costs.
• C)social costs are less than external costs.
• D)external costs are equal to social costs.

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Definitions:

Accountable

Being responsible and answerable for actions or decisions, typically within a specific sphere of influence or responsibility.

Social Technographic Category

A classification of Internet users based on their online behaviors and how they engage with social technologies, such as content creation or networking.

Persona

A fictional character created to represent a user type that might use a site, brand, or product in a similar way, often used in marketing and product development.

Social Media Tactics

Strategies and approaches used on social media platforms to achieve specific marketing, branding, or communication goals.