In the Presence of No Externalities

question 27

Multiple Choice

In the presence of no externalities,

• A) social marginal cost exceeds private marginal cost.
• B) social marginal cost is less than private marginal cost.
• C) social marginal cost equals private marginal cost.
• D) social marginal cost and private marginal cost cannot be compared.

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Definitions:

High-Flying Placenta

A non-established medical term; could be misunderstood or incorrect as it does not match common medical literature or terminology.

Low-Lying Placenta

A condition in pregnancy where the placenta is unusually close to the cervix, possibly leading to complications during delivery.

Placenta Previa

A pregnancy complication where the placenta covers the cervix, often leading to bleeding.

Highly Vascular Organ

An organ with an abundant supply of blood vessels, critical for its function and health, such as the liver or kidneys.