An Externality Is

question 99

Multiple Choice

An externality is

• A)a benefit realized by the purchaser of a good or service.
• B)a cost paid for by the producer of a good or service.
• C)a benefit or cost experienced by someone who is not a producer or consumer of a good or service.
• D)anything that is external or not relevant to the production of a good or service.

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Definitions:

Territorial Games

Also referred to as turf wars, political tactics that involve protecting and hoarding resources that give one power, such as information, relationships, and decision-making authority.

High Performer

An individual who consistently exceeds the established standards and expectations in their work performance.

Mediocre

Of average to below-average quality; not outstanding or exceptionally good.

Embrace-or-demolish

A strategy or mindset in dealing with challenges or innovations by either fully adopting them (embrace) or completely removing them (demolish).