A Positive Externality Affects Market Efficiency in a Manner Similar

question 35

Multiple Choice

A positive externality affects market efficiency in a manner similar to a

• A) rival good.
• B) public good.
• C) private good.
• D) common resource.

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Definitions:

Function Declaration

The part of a program that specifies the name, return type, and parameters of a function without defining what it does.

Address

A numeric representation of a location in memory where data is stored, often used in programming for accessing and manipulating data directly.

Two-dimensional Array

A two-dimensional array is an array of arrays, allowing for storage of data in a matrix-like structure where elements are accessed using two indexes.

Element

An individual item or component in a data structure, such as an array or list, which can be accessed or manipulated programmatically.