If Companies Who Took into Account an Externality Want to Supply

question 84

Multiple Choice

If companies who took into account an externality want to supply less at any given price compared to the original market supply,it must be a:

• A) positive externality.
• B) negative externality.
• C) network externality.
• D) social externality.

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Definitions:

Right to Vote

The entitlement of citizens in a democracy to participate in elections to choose their representatives, considered a fundamental political right.

Treaty of Guadalupe Hidalgo

The 1848 agreement that ended the Mexican-American War and resulted in the U.S. acquiring territories from Mexico, including parts of present-day Arizona, California, Colorado, Nevada, New Mexico, Utah, and Wyoming.

Manifest Destiny

A 19th-century belief that the expansion of the U.S. across the American continents was both justified and inevitable.

Johann Blumenbach

A German physician, naturalist, physiologist, and anthropologist known for his influential work in the classification of human races.