When Marginal Private Cost Is Less Than Marginal Social Cost

question 45

Multiple Choice

When marginal private cost is less than marginal social cost,

• A)a public good exists.
• B)a negative externality exists.
• C)a positive externality exists.
• D)negative economic profits are made.

Understand principles of health care accessibility and the consequences of ableism.

Understand the roles and responsibilities in the registration process according to federal securities laws.

Comprehend the exemptions from securities registration and their conditions.

Grasp the disclosure requirements imposed by the Securities Act of 1933 and 1934 on reporting companies.

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Definitions:

Divorce Rate

The statistical measure of the number of divorces that occur among the population during a given time period, often per 1,000 population.

Marriage Rate

The statistical measure of the number of marriages per a certain unit of population within a specified time period.

Segregated

The enforced separation of different racial, ethnic, or social groups, often referring to the historical racial segregation in United States schools, transportation, and public places.

American Military

The armed forces of the United States, responsible for defense and military operations both domestically and internationally.