When a Negative Externality Exists, the Private Market Produces

question 255

Multiple Choice

When a negative externality exists, the private market produces

• A)more than the economically efficient output level.
• B)less than the economically efficient output level.
• C)products at a low opportunity cost.
• D)products at a high opportunity cost.

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Definitions:

Muscle Overall

Refers generally to the physical condition, strength, and functionality of the body's muscles.

Upper Bodies

Pertains to the upper part of the human body, including the torso, arms, and shoulders.

Secondary Sex Characteristics

Features that appear at puberty which are not involved in reproduction but distinguish the sexes, such as breast development in females and facial hair in males.

Physical Maturation

The process of becoming fully developed physically, which includes growth and the development of bones, muscles, and organs.