Figure 15-1 -When Beneficial Externalities Are Present in a Market, the Actual

question 87

Multiple Choice

Figure 15-1
-When beneficial externalities are present in a market, the actual output will be

• A)greater than the optimal output.
• B)smaller than the optimal output.
• C)equal to the optimal output.
• D)either smaller or greater than the optimal output.

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Definitions:

Hydrogen Gas

A colorless, odorless, and highly flammable gas, the lightest and most abundant element in the universe, used in various industrial processes.

Biomass

Organic material derived from plants and animals, which can be used as a renewable energy source.

Environmental Quality

Refers to the condition of the environment and its capacity to support the health of ecological communities and human well-being.

Hydroelectricity

Electricity generated by harnessing the energy of falling or flowing water, typically by using dams or diversion structures to drive water turbines and generators.