Narrbegin Exhibit 10

question 21

Multiple Choice

Narrbegin Exhibit 10.2 Carbon emissions as an externality
-In Exhibit 10.2, if the external cost is not included in the supply curve 'Supply 1', the market demand and market supply curve 'Supply 1' produce a/an:

• A) socially desirable outcome.
• B) efficient outcome.
• C) inefficient outcome.
• D) better outcome than an intersection of market demand and Supply 2.

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Definitions:

Agency Law

A body of law concerned with principal-agent relationships, focusing on the rights and duties that arise when one party acts for or represents another.

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief, behavior, or reasoning.

Agency Law

The legal framework that regulates the relationship between agents who are authorized to act on behalf of principals, and the principals themselves, establishing duties and rights.

Sale Of Goods

The transaction between a buyer and a seller in which the ownership of physical products is transferred from the seller to the buyer for a price.