When Negative Externalities Are Present in a Market,what Will Result

question 29

Multiple Choice

When negative externalities are present in a market,what will result

• A)Producers will be affected, but not consumers.
• B)Overproduction will occur.
• C)Demand will be too high.
• D)The market will still maximize total benefits.

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Definitions:

Idea Duplications

The process of creating replicas or copies of an original idea.

Evaluative Input

Feedback or information received that is assessed or judged, typically used for improvement or development purposes.

Graham Wallas

A social psychologist and educationalist who proposed one of the first models of the creative process in the early 20th century.

Creative Process

The series of thought patterns and mental techniques involved in producing new ideas or solving problems in innovative ways.