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Which of the following might be considered a positive externality?
SEC's Regulation AC
Refers to the U.S. Securities and Exchange Commission's Rule that requires analysts to certify the truthfulness of their research reports and to disclose any potential conflicts of interest.
Incorporated Professionals
Incorporated Professionals are individuals who have formed a corporation for the purpose of practicing their profession, granting them certain legal and financial benefits.
Liability
Legal responsibility for one's actions or omissions, potentially leading to civil duty or financial compensation.
Tort
A civil wrong, other than breach of contract, that causes harm or loss, resulting in legal liability for the person who commits the tortious act.
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