A shift from S₁ to S₂ reflects the change that happens when a negative externality is taken into account. A shift from D₁ to D₂ reflects the change that happens when a positive externality is taken into account.
-Refer to the above figures. Externalities exist in both panels. After correcting for the externalities the prices should be
Definitions:
OCD
Obsessive-Compulsive Disorder (OCD) is characterized by the presence of persistent thoughts (obsessions) and repetitive behaviors (compulsions) that an individual feels compelled to perform.
Exposure
The state of being exposed to something (such as an infectious agent, a toxin, or stress) which may have effects on health or behavior.
Ritual Prevention
Intentionally refraining from maladaptive coping patterns. By doing so, the patient gradually and with repeated exposures experiences anxiety climb, peak, and then subsidence.
Treatment
The management and care of a patient to combat a disease or disorder, including medical, psychological, and alternative methods.
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