If an Externality Is Present in a Market, Economic Efficiency

question 129

Multiple Choice

If an externality is present in a market, economic efficiency may be enhanced by

• A)increased competition.
• B)weakening property rights.
• C)better informed market participants.
• D)government intervention.

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Definitions:

Boarding Schools

Educational institutions where students live on campus during the academic term.

Hispanic

A term referring to people, cultures, or countries related to Spain, or Spanish-speaking Latin America.

Latino

A term often used in the United States to refer to people from, or with ancestors from, Latin America.

Interchangeable

Means capable of being used in place of each other; items or components that can be swapped without loss of function or value.