When a Negative Externality Exists in a Market, the Cost

question 170

Multiple Choice

When a negative externality exists in a market, the cost to producers

• A)is greater than the cost to society.
• B)will be the same as the cost to society.
• C)will be less than the cost to society.
• D)will differ from the cost to society, regardless of whether an externality is present.

---

Definitions:

Written Medium

A form of communication that involves expressing ideas, data, or information through written symbols or texts.

Least Formal

A communication or interaction style that is casual and not bound by strict protocols or etiquette.

Face-to-face Conversation

Direct, personal communication between individuals who are physically present with each other.

Email

A method of exchanging messages between people using electronic devices.