When Are Externalities Present in a Market

question 80

Multiple Choice

When are externalities present in a market

• A)whenever a shortage exists
• B)whenever the price is higher than equilibrium price
• C)whenever private costs differ from social costs
• D)whenever the seller is not making a profit

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since its acquisition.

Worksheet

A worksheet is a document or a digital spreadsheet used for organizing, calculating, and analyzing data, especially for tasks involving financial information or planning.

Unpaid Wages

Amounts due to employees for work performed that have not yet been paid by the employer, representing a liability for the company.