Private Incentives in Markets with External Benefits Lead to _____;Private

question 123

Multiple Choice

Private incentives in markets with external benefits lead to _____;private incentives in markets with external costs lead to _____.

• A)maximum total economic surplus;deadweight loss
• B)deadweight loss;deadweight loss
• C)excess total economic surplus;efficiency
• D)excess total economic surplus;deadweight loss

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Definitions:

Alopecia

The clinical term for baldness.

Melanoma

A form of skin cancer originating in the melanocytes, the cells responsible for pigment production.

Pediculosis

The medical term for lice.

UV Radiation

Ultraviolet radiation; a type of energy emitted by the sun and artificial sources, which can cause skin damage, including sunburn and skin cancer.