If the Socially Optimal Level of Output for an Industry

question 24

Multiple Choice

If the socially optimal level of output for an industry is greater than the equilibrium output for that industry,there are

• A) external diseconomies.
• B) external economies.
• C) both external economies and diseconomies simultaneously.
• D) external internalities of substance.
• E) both external internalities and internal externalities.

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Definitions:

Computer Networks

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Technological Competency

The ability to understand new technologies and to use them to their best advantage.

Electronic Devices

Gadgets and devices that operate using electrical energy and electronic circuits.

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