Which of the Following Statements Is False

question 80

Multiple Choice

Which of the following statements is false ?

• A)If a negative externality exists, the market output is greater than the socially optimal output.
• B)If a positive externality exists, the market output is less than the socially optimal output.
• C)If there are no external costs or benefits, then it follows that marginal private costs equal marginal social costs and marginal private benefits equal marginal social benefits.
• D)When a positive externality exists, marginal social benefits are greater than marginal private benefits.

Recognize the role of innovation and adaptation in maintaining relevance and competitiveness in the market.

Identify different market segments and their significance in a business strategy.

Comprehend the components and structure of the Business Model Canvas.

Understand the concept of multisided markets and their dynamics.

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Definitions:

Biblical Knowledge

The understanding and interpretation of the scriptures contained in the Bible, encompassing the teachings, stories, and doctrines found within both the Old and New Testaments.

Public Speaking

The act or process of performing a speech to a live audience, aimed at informing, persuading, or entertaining.

Supreme Court

The highest federal court in the United States, responsible for interpreting the Constitution and reviewing cases of national importance.

Amistad

Ship that transported slaves from one port in Cuba to another, seized by the slaves in 1839. They made their way northward to the United States, where the status of the slaves became the subject of a celebrated court case; eventually, most were able to return to Africa.