All Externalities

question 458

Multiple Choice

All externalities

• A)cause markets to fail to allocate resources efficiently.
• B)cause equilibrium prices to be too high.
• C)benefit producers at the expense of consumers.
• D)cause equilibrium prices to be too low.

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Definitions:

Insured

Covered by insurance, offering protection against financial loss or damage.

Injuries

Physical harm or damage to the structure or function of the body caused by external force or trauma.

Health Plan

A contract or policy that provides financial coverage for medical services, often provided by employers or purchased by individuals.

Insurance Claims

Requests made by policyholders to insurance companies for payment of benefits due under their insurance policies, following loss or damage.