When Negative Externalities Like Pollution Exist, Competition Leads To

question 9

Multiple Choice

When negative externalities like pollution exist, competition leads to:

• A) a socially efficient outcome.
• B) too few goods being bought and sold.
• C) a market equilibrium price that is too high.
• D) more production than would be efficient.

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Definitions:

Manual Accounting Systems

Traditional methods of maintaining financial records and calculations by hand or using basic software, without automated processes.

Electronic Systems

Integrated assemblies of electronic components and circuits designed to perform a specific function or a range of functions.

Journal

An accounting record in which transactions are initially recorded in chronological order.

Footing

An accounting term referring to the final total that appears at the bottom of a column of numbers or the process of adding up figures in a column.