The Concept of Externalities Refers to

question 26

Multiple Choice

The concept of externalities refers to

• A) the internalized cost of producing.
• B) a situation where actual benefits or costs are not reflected in the market price of the good.
• C) the difficulty in determining actual polluters.
• D) None of the above.

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Definitions:

Accuracy

The degree to which a measurement, calculation, or expression correctly reflects or represents the intended value, often judged in terms of error margins.

Trained Investigator

A professional who has received specific training to conduct investigations effectively and ethically.

Moral And Ethical Issues

Questions and concerns related to what is right or wrong and the principles that govern individual or collective behavior.