A Negative Externality

question 292

Multiple Choice

A negative externality

• A)is an adverse impact on a bystander.
• B)causes the product in a market to be under-produced.
• C)is an adverse impact on market participants.
• D)is present in markets where the good or service does not have any impact on bystanders.

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Definitions:

Maryland

A state located in the Mid-Atlantic region of the United States, known for its significant history and diverse geography.

Appellate Courts

Courts with the authority to review and revise decisions made by lower courts, ensuring legal errors are corrected.

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The superior courts in certain jurisdictions that typically have appellate jurisdiction and sometimes original jurisdiction.