A Positive Consumption Externality Will Cause a Private Market to Produce

question 97

Multiple Choice

A positive consumption externality will cause a private market to produce:

• A)less than is socially desirable
• B)more than is socially desirable
• C)more than is market optimal
• D)less than is market optimal

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Definitions:

Polygenic Inheritance

A type of genetic inheritance where traits are determined by multiple genes, contributing to the phenotype in a cumulative or additive manner.

Homozygous Alleles

Refers to having two identical alleles for a specific gene, leading to a uniform expression of that gene's trait.

Monozygotic Twins

Twins that result from one zygote splitting and developing into two individuals, typically sharing 100% of their genetics.

Codominance

A genetic scenario where two alleles of a gene pair in a heterozygote are fully expressed, resulting in offspring with a phenotype that is neither dominant nor recessive.