What Will Arise When Negative Externalities Are Present in a Market

question 169

Multiple Choice

What will arise when negative externalities are present in a market

• A)Private costs will be greater than social costs.
• B)Social costs will be greater than private costs.
• C)Government will regulate the externalities in the market..
• D)The market will not be able to reach any equilibrium situation.

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Definitions:

Philanthropic Associations

Organizations dedicated to promoting the welfare of others, typically through generous monetary donations to social causes.

Racial Equality

The principle and practice of fairness and justice that ensures individuals are treated equally, without discrimination on the basis of race.

Black Schools

Black schools were educational institutions specifically for African American students, particularly during segregation in the United States, offering a space for learning in a racially divided society.

National Association

A general term for organizations that operate across an entire nation, representing interests in various fields like civil rights, professional standards, or sports.