Compared to Ideal Economic Efficiency, When the Production of a Good

question 12

Multiple Choice

Compared to ideal economic efficiency, when the production of a good generates external costs, competitive markets will likely result in an output that is too

• A) large and a price that is too high.
• B) large and a price that is too low.
• C) small and a price that is too high.
• D) small and a price that is too low.

---

Definitions:

Abigail Adams

The wife of President John Adams and mother of President John Quincy Adams, known for her extensive letters advocating for women's rights.

Absolute Power

The complete and unrestricted control over all aspects of a state or organization, typically exercised by a monarch or a dictatorial regime.

Voting Rights

Legal rights designed to protect the ability of citizens to vote in elections and have their ballots counted.

Uniform

A uniform is a distinctive set of clothing meant to identify members of a specific group, organization, or profession, often worn by military personnel, law enforcement, and employees of many sectors.