Who Is Affected When a Negative Externality Becomes Internalized in a Market

question 115

Multiple Choice

Who is affected when a negative externality becomes internalized in a market?

• A)Producers
• B)Consumers
• C)Those affected by the externality
• D)All of these groups are affected when it becomes internalized.

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Definitions:

Residential Settings

Environments or places where people live or reside, such as homes, apartments, assisted living facilities, or dormitories.

Self Competency

The ability to understand and manage one's own skills, emotions, and behaviors effectively.

Arab Countries

Arab countries are nations in the Middle East and Africa that are part of the Arab League, sharing historical, cultural, and linguistic ties predominantly centered around Arabic.

Pollyanna Principle

The tendency for people to remember pleasant items more accurately than unpleasant ones, reflecting an optimism bias in human memory.