An Externality Is

question 99

Multiple Choice

An externality is

• A)a benefit realized by the purchaser of a good or service.
• B)a cost paid for by the producer of a good or service.
• C)a benefit or cost experienced by someone who is not a producer or consumer of a good or service.
• D)anything that is external or not relevant to the production of a good or service.

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Definitions:

MCPBA

M-chloroperoxybenzoic acid, a compound used as an oxidizing agent in organic synthesis to introduce oxygen into organic molecules.

Dichloromethane

A chemical compound with the formula CH2Cl2, widely used as an organic solvent due to its volatility and ability to dissolve a wide range of organic compounds.

Reagents

Substances or compounds added to a system to cause a chemical reaction or to see if a reaction occurs.

Transformation

A broad term referring to the process of changing the state, form, or structure of something.