Which of the Following Is an Example of Detrimental Externality

question 10

Multiple Choice

Which of the following is an example of detrimental externality?

• A)A trailer's entry onto an overcrowded road that delays the movement of other vehicles.
• B)Fall in demand for gasoline in the US softens the price of gasoline in the global market.
• C)Government investment in energy generation from non-conventional sources.
• D)Society devotes huge quantity of its scarce resources for vital innovative activity.

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Definitions:

High-Price Segment

A market division focused on consumers willing to pay premium prices for luxury or high-quality products and services.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data points, indicating how spread out the values are in relation to the mean.

Forecasting

The process of making predictions about future events or trends based on historical data and analysis, instrumental in business strategy and planning.

Revenue Management

Strategic use of pricing to maximize a company's revenue by selling the right product to the right customer at the right time for the right price.