If It's Possible to Eliminate the Problems Created by Externalities,why

question 96

Multiple Choice

If it's possible to eliminate the problems created by externalities,why do they persist?

• A) Correcting externalities would always reduce total surplus.
• B) It is difficult to measure external benefits and costs.
• C) The benefits of correcting the externalities generally exceed the costs.
• D) None of these statements is true.

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Definitions:

Sampling Distribution

A distribution of probabilities associated with a particular statistic, originating from a random sample.

Random Sample

A subset of a statistical population in which each member of the subset has an equal probability of being chosen.

Sampling Distribution

The likelihood distribution of a specific statistic derived from a random sampling.

Infinite Number

A concept in mathematics that describes a quantity without bounds or limit.