Market Activities That Affect Third-Parties

question 1

Multiple Choice

Market activities that affect third-parties:

• A) occur when a market activity leads to a negative externality.
• B) occur when a market activity leads to a positive externality.
• C) occur when a market activity leads to a negative or a positive externality.
• D) are the same as the free-rider problem.
• E) are associated with the production of private goods but not public goods.

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Definitions:

Regional Culture

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