If an Externality Is Present in a Market, Economic Efficiency

question 129

Multiple Choice

If an externality 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:

Bandwidth

The maximum rate of data transfer across a given path or internet connection, measured in bits per second (bps).

Wireless Network Key

A password or passphrase used to secure and access a wireless network.

Encrypt

The process of converting data or information into a code, especially to prevent unauthorized access.

Firewall

A security system for networks that monitors and controls incoming and outgoing network traffic based on predetermined security rules.