If an External Cost Is Present in a Market, Economic

question 209

Multiple Choice

If an external cost is present in a market, economic efficiency may be enhanced by:

• A) increased competition.
• B) weakening property rights.
• C) better informed market participants.
• D) government intervention.

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Definitions:

Direct Mail

A marketing technique that involves sending physical promotional materials directly to potential customers.

Gather Data

The process of collecting information and facts for the purpose of analysis or decision-making.

Reliable Methods

Techniques or processes that consistently produce accurate, dependable results.

New Business Ideas

Innovative concepts or plans intended for implementation to start a business or offer new products or services.