Total Surplus in the Presence of a Positive Externality That

question 85

Multiple Choice

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

• A)is greater than total surplus when the externality is internalized.
• B)is less than total surplus when the externality is internalized.
• C)is the same as total surplus when the externality is internalized.
• D)zero,since it has not been internalized.

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Definitions:

Notion of Objectivity

A concept that emphasizes the importance of being impartial and unbiased in judgment or analysis.

Aristotelian Rhetoric

Aristotelian Rhetoric is the ancient art of argumentation and persuasion, as defined by Aristotle, which focuses on the use of ethos, pathos, and logos to influence an audience.

Nature of Audience

The characteristics, behaviors, and demographic features of the people intended to receive a message or product.

Aristotle's Concept

The body of philosophical doctrines developed by the ancient Greek philosopher Aristotle, encompassing various aspects of reality, ethics, and logic.