When a Positive Externality Is Present in a Market,the Quantity

question 86

Multiple Choice

When a positive externality is present in a market,the quantity consumed:

• A)is less than the socially optimal quantity.
• B)is always more than the socially optimal quantity.
• C)is the same as the socially optimal quantity.
• D)is often more than the socially optimal quantity.

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Definitions:

Investigative Dimension

A characteristic or aspect pertaining to the systematic examination or exploration of subjects, often related to one's interests in solving problems or understanding phenomena.

Holland Scales

A theory and assessment tool that categorizes vocational interests into six types to help individuals identify suitable career paths.

Big Five Dimension

A model that outlines five major dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Holland's RIASEC

A theory of careers and vocational choice based upon personality types, with the six types being Realistic, Investigative, Artistic, Social, Enterprising, and Conventional.