Use the Following to Answer Question 160

question 132

Multiple Choice

Use the following to answer question 160.
Exhibit: Market Failure 2

-(Exhibit: Market Failure 2) If a competitive market has an external cost of the amount AC, and if the government imposes a fee to cover the cost, the market will achieve the equilibrium point:

• A) H.
• B) I.
• C) J.
• D) K.

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Definitions:

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a period of no exposure to the conditioned stimulus.

Extinction

In psychology, the gradual weakening and eventual disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.

Conditioned Stimulus

A previously neutral stimulus that, after being associated with an unconditioned stimulus, triggers a conditioned response.

Sound Of Tone

The auditory perception of a specific frequency or quality of sound, often related to music or speech.