The Existence of Externalities Is Due Mainly to the Fact

question 64

Multiple Choice

The existence of externalities is due mainly to the fact that

• A) monopolies tend to produce too little of a good anyway.
• B) the optimal level of pollution is zero.
• C) pollution is not a serious problem.
• D) property rights are poorly defined.

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Definitions:

Rhomboideus Thoracis

A muscle of the back that helps in the retraction, rotation, and elevation of the scapula.

Fixative

A chemical used to preserve or stabilize biological tissues in a life-like state for microscopic examination or medical procedures.

Distilled Water

Water that has been purified by boiling and then condensing the steam back into a liquid to remove impurities and minerals.

Sternomastoid

A muscle in the side of the neck that acts to rotate the head to the opposite side or bend it to the same side.