If the Socially Optimal Level of Output for an Industry

question 17

Multiple Choice

If the socially optimal level of output for an industry is identical to the equilibrium output,there are

• A) external internalities of substance.
• B) both external internalities and internal externalities.
• C) no external economies or diseconomies.
• D) both external economies and diseconomies.
• E) internal and external reciprocities.

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Definitions:

Positive Reinforcer

An event or item that, when presented after a behavior, increases the likelihood of that behavior occurring again.

Negative Reinforcer

A stimulus whose removal after a particular behavior increases the likelihood of that behavior occurring again in the future.

Pleasant Stimulus

A pleasant stimulus is any event, object, or situation that produces a positive emotional response or feeling of enjoyment.

Withdrawal

Symptoms that occur after cessation or reduction in intake of a substance that the body has become dependent upon, like drugs or alcohol.