The Market Works Efficiently in the Absence of Externalities If

question 39

Multiple Choice

The market works efficiently in the absence of externalities if the good is

• A) rival and excludable.
• B) nonrival and nonexcludable.
• C) rival and nonexcludable.
• D) nonrival and excludable.
• E) rival and either excludable or nonexcludable.

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Definitions:

Oil Immersion

A technique used in microscopy to increase the resolving power by immersing both the objective lens and the specimen in a transparent oil of high refractive index.

Clinical Laboratory Improvement Amendments

Regulations enacted in 1988 to improve the quality of laboratory testing in the United States.

Provider-performed Microscopy Procedures

Diagnostic tests performed directly by healthcare providers using a microscope to examine specimens for disease or abnormalities.

Moderately Complex

Describes tasks, systems, or problems that are somewhat challenging but not excessively difficult to understand or deal with.