A Negative Externality Is Internalized When __________ Until the Socially

question 129

Multiple Choice

A negative externality is internalized when __________ until the socially optimum level of production is obtained.

• A)supply shifts to the left
• B)supply shifts to the right
• C)demand shifts to the right
• D)demand and supply both shift to the right

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Definitions:

Entrepreneurs

Individuals who initiate, manage, and assume the risks of a business venture in order to bring new products, services, or ideas to the market.

Ambiguity

The quality of being open to more than one interpretation; vagueness or uncertainty.

Small Business

An independently owned and operated company that is limited in size and in revenue depending on the industry.

Strategic Standpoints

Positions or perspectives taken with the intention of achieving long-term goals or objectives.