Externalities Can Occur as a Result of Either Production or Consumption

question 28

True/False

Externalities can occur as a result of either production or consumption activities.

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Definitions:

Prospectus

A legal document issued by companies that are offering securities for sale, containing details about the investment offering and the company's financial status.

Corporation End

The legal dissolution or termination of the existence of a corporation.

Director Liability

The legal responsibility of a company's directors for actions or omissions that lead to financial loss or legal penalties.

Corporation Debts

Financial obligations and liabilities incurred by a corporation in the course of business, for which the corporation is legally responsible.