In Markets with Externalities or Public Goods, the Private Costs

question 39

True/False

In markets with externalities or public goods, the private costs and benefits that decision makers face diverge from the social costs and benefits.

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Definitions:

Molecular Formulas

A notation that shows the type and number of atoms in a molecule but not the bonds or arrangement, such as C2H5OH for ethanol.

Elements of Unsaturation

Refers to the presence of double or triple bonds and/or rings in a compound, which reduce the total number of hydrogen atoms the compound can contain.

Molecular Formula

The symbolic representation of the types and numbers of atoms in a molecule.

Carbon-Carbon Bond Length

The distance between the nuclei of two carbon atoms linked by a chemical bond in a molecule.