If a Particular Market Is Associated with an Externality, the Social

question 71

Multiple Choice

If a particular market is associated with an externality, the social optimum should include the wellbeing of:

• A)buyers, sellers and bystanders
• B)bystanders and buyers
• C)bystanders and sellers
• D)buyers and sellers only

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Definitions:

Men

Referred to adult human males, distinguishing them from women or children.

BPH

Benign Prostatic Hyperplasia, a condition in men in which the prostate gland is enlarged, causing difficulty in urination.

Diagnosed

The process of identifying a disease or condition from its symptoms and test results by a healthcare professional.

Benign Prostatic Hyperplasia

A non-cancerous enlargement of the prostate gland, commonly affecting older men.