When a Positive Externality Exists, the Market Is Said to Fail

question 122

True/False

When a positive externality exists, the market is said to fail because it overproduces the good associated with the positive externality.

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Definitions:

Alzheimer's Disease

A progressive neurological disorder that causes memory loss and cognitive decline, primarily affecting older adults.

Risk Factors

Elements or conditions that increase the likelihood of developing a disease or injury.

Autobiographical Memory

The recollection of a personally meaningful event that took place at a specific time and place in one’s past.

Long-term Memory

A type of memory responsible for the storage of information over an extended period, ranging from a few days to decades.