In General,an Externality Is Created When

question 118

Multiple Choice

In general,an externality is created when

• A) people are affected (other than by price) by a transaction which they were not part of.
• B) firms produce a product of low quality and consumers don't like it.
• C) firms have to pay for polluting the environment.
• D) the government subsidizes education.

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Definitions:

Predictive Analytics

The use of data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data.

Digital Realm

Pertains to the virtual environment created by digital technologies, encompassing all digital devices, internet services, and digital communication platforms.

Data

refers to facts, figures, or information collected for reference, analysis, or computing, often used to inform decisions or understand trends.

Domain Name

An identification string that defines a realm of administrative autonomy, authority, or control within the Internet, used to access websites.