If a Particular Market Is Associated with an Externality, the Social

question 71

Multiple Choice

If a particular market is associated with an externality, the social optimum should include the wellbeing of:

• A)buyers, sellers and bystanders
• B)bystanders and buyers
• C)bystanders and sellers
• D)buyers and sellers only

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Definitions:

CNC Bond Angle

The angle formed between two carbon atoms and a nitrogen atom connected in a molecule.

Hybridization

The concept in molecular chemistry and physics that describes the mixing of atomic orbitals to form new hybrid orbitals suitable for the pairing of electrons to form chemical bonds.

Indicated Atom

An atom within a molecule highlighted or specified for discussion or analysis.

Uracil

A nitrogen-containing base (a pyrimidine) found in RNA, where it pairs with adenine and replaces thymine during DNA transcription.