Which of the Following Is an Example of an Externality

question 12

Multiple Choice

Which of the following is an example of an externality in the cigarette market?

• A)firsthand smoke
• B)secondhand smoke
• C)Increase in the price of tobacco
• D)Increase in the price of a competitors' cigarettes

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Definitions:

Money Management

The process of budgeting, saving, investing, spending, or otherwise overseeing an individual or group's capital usage.

Unethical Behavior

Actions that go against moral principles and professional standards, potentially causing harm or conflict.

Power

The ability or capacity to do something or act in a particular way, often referring to the control over individuals or resources in political and social systems.

Benefit

Benefit refers to the positive outcome, profit, or advantage gained from a decision, action, or policy.