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Oprah suffered a broken collarbone as a result of Sheldon's negligence.She later suffered a broken foot as a result of Tom's negligence.Tom dropped a heavy box on Oprah's foot while she was getting out of her car at her physiotherapist's office.She was visiting her physiotherapist for rehabilitation of her collarbone.She would not have been in that parking lot, and therefore would not have suffered a broken foot, if Sheldon had not negligently caused the first injury.Which of the following statements is most likely TRUE?
Externality
Action by either a producer or a consumer which affects other producers or consumers, but is not accounted for in the market price.
Weed Control
The process or methods used to prevent or reduce unwanted plant (weed) growth that competes with desired plants in agricultural or horticultural operations.
Private Decision
Choices made by individuals or businesses that primarily affect themselves and are guided by personal preferences or interests.
Total Cost
The complete financial outlay associated with the production or offering of goods and services, inclusive of both fixed and variable components.
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