A Negative Externality Will Cause a Private Market to Produce

question 476

Multiple Choice

A negative externality will cause a private market to produce

• A)less than is socially desirable.
• B)more than is socially desirable.
• C)exactly the quantity that is socially desirable.
• D)less than the same market would produce in the presence of a positive externality.

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Definitions:

Universal Instantiation

A logical rule that allows for the conclusion that a general statement applies to a specific instance.

Existential Generalization

A logical operation that infers the existence of at least one member of a domain that satisfies a given property from a particular case or instance.

Quantifier Negation

A transformation in formal logic that involves altering the scope of negation in relation to quantifiers in a statement.

Universal Generalization

A conclusion drawn about all members of a group based on observations or evidence from only some members of the group.