Which of the Following Is a Private Owner Prohibited from Doing

question 201

Multiple Choice

Which of the following is a private owner prohibited from doing?

• A) selling the property to another person
• B) erecting a fence designed to keep others from using the property
• C) painting the property a color that others do not like
• D) using the property in a manner that invades or infringes on the property of another

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Definitions:

Market Output

The total quantity of goods and services produced and offered for sale in a market.

External Benefits

Positive effects experienced by third parties as a result of an economic transaction not directly involved.

Efficient Outcome

A situation in which no individual can be made better off without making someone else worse off, typically referring to an optimal allocation of resources.

Output Level

The total quantity of goods or services produced by a firm or industry within a specific period.