When Production of a Good Results in an External Cost,the

question 170

Multiple Choice

When production of a good results in an external cost,the unregulated competitive market equilibrium quantity is

• A) the efficient level of output.
• B) greater than the efficient level of output.
• C) not zero but is less than the efficient level of output.
• D) unattainable.
• E) zero.

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Definitions:

Degree of Digitization

The extent to which processes, operations, or systems are converted or adapted to digital form, impacting efficiency, accessibility, and innovation.

Physical Nature

Physical Nature describes the fundamental qualities and properties of matter and energy in the physical universe, often explored through physics and natural sciences.

Digital Nature

The intrinsic properties and behaviors of systems and processes that exist or operate primarily in a digital or electronic form.

Online Retailing

The process of selling goods and services through the internet to consumers.