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:

Cam Displacement Diagram

A graphical representation used in mechanical engineering to show how the position of a cam changes over time.

Working Drawing

Detailed drawings that provide all the information necessary for the manufacture or construction of a part or assembly.

Detailed Drawing

A technical drawing that provides comprehensive details needed to fabricate or manufacture a part, including dimensions, materials, and specifications.