If a Private Good Generates External Benefits

question 296

Multiple Choice

If a private good generates external benefits

• A) the social benefit will be greater than the private benefit.
• B) the social benefit will equal the private benefit.
• C) the social benefit will equal the private benefit minus the external benefit.
• D) the external benefit will equal the private benefit plus the social benefit.

Identify best practices for effective technical communication.

Recognize electronic components classified as hazardous waste and understand disposal regulations.

Identify the types of technical documentation useful for specific troubleshooting tasks.

Know essential safety equipment for a technical field kit and the importance of protection against power issues.

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Definitions:

Corporation by Estoppel

Corporation by estoppel is a legal doctrine preventing an individual from denying a group's status as a corporation if they have treated it as such in their dealings.

Defective Corporation

A company that has failed to comply with certain legal formalities required for its establishment, potentially affecting its legal standing.

Foreign Corporation

A corporation in a state in which it conducts business but is not incorporated.

S Corporation

A type of corporation in the United States that meets specific Internal Revenue Code requirements and is taxed differently, passing income directly to shareholders.