If the Equilibrium Quantity Is Equal to the Socially Optimal

question 147

Multiple Choice

If the equilibrium quantity is equal to the socially optimal quantity, one can infer that:

• A)the supply curve for the activity is below the socially optimal supply curve.
• B)there is no externality associated with this good.
• C)there is a positive externality associated with this good.
• D)there is a negative externality associated with this good.

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Definitions:

Refractory

Resistant to treatment or control, often used to describe a period of unresponsiveness or insensitivity to stimuli.

Power Stroke

The phase in muscle contraction where the myosin head pivots, pulling the actin filament towards the center of the sarcomere, shortening the muscle.

Sarcoplasmic Reticulum

A specialized type of smooth endoplasmic reticulum found in muscle cells, where it stores and releases calcium ions to trigger muscle contraction.

Myoglobin Content

The amount of myoglobin, a protein in muscle cells that binds oxygen, present within muscle tissues.