Correcting the Externality That Is Present in a Market Increases

question 12

Multiple Choice

Correcting the externality that is present in a market increases the efficiency of the market. What type of externality exists in this market?

• A)Negative
• B)Positive
• C)Network
• D)Either negative or positive

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Definitions:

Tertiary Circular Reaction

A cognitive development stage in infants aged 12 to 18 months where they experiment with new ways of playing and manipulating objects.

Morphemes

The smallest meaningful units in a language, such as root words, prefixes, and suffixes.

Mental Abilities

Cognitive functions and processes that include reasoning, memory, attention, and language comprehension, enabling individuals to learn and solve problems.

Babbling

An early stage in language development where infants produce sounds or syllables repetitively without specific meaning, often seen as a precursor to speech.