Market Power and Externalities Are Examples of

question 7

Multiple Choice

Market power and externalities are examples of

• A)laissez-faire economics.
• B)public policy.
• C)market failure.
• D)welfare economics.

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Definitions:

Dendrites

The branched extensions of a neuron that receive signals from other neurons and transmit them towards the cell body.

Electroencephalograph

A device used to record the electrical activity of the brain through electrodes placed on the scalp.

Hans Berger

The psychiatrist and neurologist best known for developing electroencephalography (EEG) for recording brain wave activity and discovering alpha waves.

Place Learning

The cognitive process that allows an organism to remember the location of objects, routes, or specific places.