If Companies Who Took into Account an Externality Want to Supply

question 9

Multiple Choice

If companies who took into account an externality want to supply more at any given price compared to the original supply,they must have addressed a:

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

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Definitions:

Hours

A unit of time equal to 60 minutes or 3,600 seconds.

Minutes

A unit of time equal to one-sixtieth of an hour or 60 seconds, used in the measurement of time.

Conversion Formulas

Mathematical equations used to convert measurements from one unit to another, such as from metric to imperial units or vice versa.

Millimeters

A metric unit of length equal to one-thousandth of a meter.