When a Marginal External Cost Exists, the Market Produces an Amount

question 49

True/False

When a marginal external cost exists, the market produces an amount that is greater than the efficient amount.

---

Definitions:

Margaret Mead

An influential American cultural anthropologist known for her studies and publications on the socialization patterns of South Pacific cultures and gender roles.

Adolescent Development

The psychological, physical, and social changes experienced by individuals typically aged between 13 and 19 years, marking the transition from childhood to adulthood.

Biological And Social Changes

This term encompasses the wide range of physical, hormonal, and social transitions and adjustments that occur during puberty and across the human lifespan.

Biological Imperative

A fundamental principle, characteristic, or instinct that drives living organisms to survive, reproduce, and evolve.