Externalities Are Fundamentally the Result of

question 96

Multiple Choice

Externalities are fundamentally the result of

• A) the absence of competition in a market.
• B) the lack of well-defined or enforced property rights.
• C) poor information on the part of consumers.
• D) the presence of significant comparative advantages in production.

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Definitions:

Months

Units of time, approximately 30 to 31 days in length, used to measure durations and organize the calendar year.

Solve

To find the solution or answer to a mathematical problem or equation.

Calculator

An electronic or software tool used for performing mathematical calculations, ranging from basic arithmetic to complex functions.

Properties

Fundamental qualities or characteristics that mathematical operations or entities inherently possess.