If the Consumption of Good Generates an External Benefit, Then

question 8

Multiple Choice

If the consumption of good generates an external benefit, then the market equilibrium quantity will be:

• A)socially optimal.
• B)less than the socially optimal quantity.
• C)greater than the socially optimal quantity.
• D)equal to zero.

---

Definitions:

Sensory Memory

The shortest-term element of memory, it is the ability to retain impressions of sensory information after the original stimuli have ended.

Long-Term Memory

The aspect of our memory system that is capable of storing a vast amount of information for periods ranging from minutes to a lifetime.

Short-Term Memory

The part of memory that temporarily stores information for a brief period, typically from seconds to a few minutes.

Evaluating Information

The process of critically assessing the sources, validity, and relevance of information.