When an Externality Is Present in a Market,and Internalizing It

question 39

Multiple Choice

When an externality is present in a market,and internalizing it increases the efficiency of the market,we can conclude it is a:

• A)negative externality.
• B)positive externality.
• C)network externality.
• D)It could be a negative or positive externality.

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Definitions:

Anterograde Amnesia

A condition characterized by an inability to form new memories following an event that caused the amnesia, though long-term memories from before the event may remain intact.

Brain Surgery

Medical procedures involving the structures of the brain to treat disorders and conditions affecting its functionality.

Short-Term Memory

The part of the memory system where information is stored for a brief period of time, typically seconds to minutes.

Recovered Memory Controversy

Refers to the debate on the reliability of recollecting potentially forgotten memories of traumatic events, often years after the event occurred.