If a Negative Externality Exists, Then There Is a __________

question 51

Multiple Choice

If a negative externality exists, then there is a __________ when society produces the market output instead of the socially optimal output. This exists because the __________ to sellers and third parties are __________ the __________ derived by buyers.

• A)net social benefit; costs; greater than; benefits
• B)net social cost; benefits; less than; costs
• C)net social cost; costs; greater than; benefits
• D)net social cost; costs; less than; benefits

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Definitions:

Centrally Located Mass

A mass located in the center of a body or organ, which can be benign or malignant, necessitating medical evaluation.

Computed Tomography

A diagnostic imaging procedure that uses a combination of X-rays and computer technology to produce detailed cross-sectional images of the body's internal structures.

Electroencephalography

A non-invasive test that involves the use of sensors placed on the scalp to measure the electrical activity of the brain.

Diagnostic Procedure

A method or technique used to identify a disease or condition from its signs and symptoms.