What Type of Externalities Accompany the Entry of New Firms

question 160

Multiple Choice

What type of externalities accompany the entry of new firms into a monopolistically competitive market

• A)the product-variety externality as a positive externality and the business-stealing externality as a negative externality
• B)the product-variety externality as a negative externality and the business-stealing externality as a positive externality
• C)the business-variety externality as a positive externality and the product-stealing externality as a negative externality
• D)the business-variety externality as a negative externality and the product-stealing externality as a positive externality

Recognize obstacles to voting in the United States and propose solutions to enhance voter turnout.

Understand the importance of structural equality and civil society to democracy.

Appreciate the significance of major laws and reforms, such as the Voting Rights Act of 1965 and proportional representation, to democracy.

Understand the factors contributing to the low political participation rates among the new working class.

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Definitions:

Addition Rule

In probability, a rule that calculates the likelihood of any of two or more mutually exclusive events occurring.

Automobile Accident

An unexpected event involving a vehicle that usually results in damage and/or injury.

Mutually Exclusive

Events or conditions that cannot occur simultaneously or cannot both be true at the same time.

Addition Rule

A principle in probability theory that determines the probability of the occurrence of at least one of two events, taking into account their joint probability if they are not mutually exclusive.