External Benefits Are Associated with the Production of Batteries

question 140

Multiple Choice

External benefits are associated with the production of batteries.Without government regulation,the market will:

• A)produce too many batteries.
• B)price batteries at less than the marginal social cost.
• C)price batteries at less than the marginal social benefit.
• D)price batteries above the marginal social cost.

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Definitions:

Cartilaginous Joint

A joint where bones are joined together by cartilage, allowing for limited movement.

Synovial Joint

A type of movable joint characterized by a space (joint cavity) containing synovial fluid, found in the knees, elbows, and other parts of the body.

Epiphyseal Plate

A layer of cartilage in long bones that is involved in bone growth and lengthening during childhood and adolescence.

Synovial Fluid

A thick, lubricating fluid found in the cavities of synovial joints, reducing friction between cartilage and other tissues in the joint to facilitate smooth movement.