When a Positive Externality Is Present in a Market,total Surplus

question 80

Multiple Choice

When a positive externality is present in a market,total surplus is:

• A)higher when buyers internalize the externality.
• B)lower when buyers internalize the externality.
• C)higher when buyers only consider private benefits.
• D)Any of these statements could be true.

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Definitions:

Hibernate

A power-saving mode for computers where the current state (open applications, work in progress, etc.) is saved to the hard disk before turning off the device.

Wake on LAN

A networking standard that allows a computer to be turned on or awakened from a low power state or off mode by a network message.

Optical Drives

Hardware devices that read and sometimes write data on optical discs like CDs, DVDs, and Blu-ray discs using laser technology.

+ 5.0 V

A positive five-volt power supply, commonly used in digital circuits.