Which of the Following SmartArt Layout Types Is Used to Show

question 43

Multiple Choice

Which of the following SmartArt layout types is used to show proportional relationships with the largest samponent at the top or bottom?

• A) Pyramid
• B) Cycle
• C) Process
• D) Hierarchy

Identify the conditions for social optimality in the presence of externalities.

Calculate the optimal level of subsidy or tax required to achieve social optimality.

Interpret graphical representations of markets with externalities.

Understand the concept of equilibrium quantity in markets with and without externalities.