Total Surplus in the Presence of a Positive Externality That

question 25

Multiple Choice

Total surplus in the presence of a positive externality that has not been internalized equals:

• A)consumer surplus + producer surplus - external benefit
• B)consumer surplus + producer surplus + external benefit
• C)consumer surplus - producer surplus - external benefit
• D)consumer surplus - producer surplus + external benefit

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Definitions:

Organizational Rituals

Ceremonies or practices that are performed regularly within an organization and contribute to its culture and identity.

Dominant Values

The most influential or widely accepted beliefs and standards within a society or organization.

Organizational Culture

The shared values, beliefs, and practices that influence the behavior and interactions of members within an organization.

Business Contract

A legally binding agreement between two or more parties that outlines the terms and conditions of a business transaction.