The Existence of an Externality Is Proof That There Is

question 90

Multiple Choice

The existence of an externality is proof that there is a(n) :

• A) market failure.
• B) undervaluation of a good.
• C) undervaluation of a cost.
• D) property dispute.
• E) free-rider problem

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Definitions:

Culture-Dependent

Characteristic or behavior that is strongly influenced by cultural beliefs, values, or customs.

Harmful to Society

Having a negative impact on the social fabric, potentially leading to adverse effects on community well-being, trust, and cohesion.

Labeling

Labeling refers to the practice of identifying and naming an individual or group based on certain characteristics or behaviors, often leading to stereotyping.

Disordered Behaviors

Actions or patterns of actions that are abnormal, dysfunctional, or symptomatic of a mental disorder.