A Cost That Is Imposed When an Action by One

question 7

Multiple Choice

A cost that is imposed when an action by one agent harms another, outside of any market exchange, is a(n) :

• A) regulation.
• B) marginal cost.
• C) market price.
• D) external cost.

---

Definitions:

Microcomputers

Small, personal computing devices designed for individual use, typically consisting of a microprocessor, storage, and input/output capabilities.

PCs

Stands for Personal Computers, which are computer systems designed for use by an individual, typically featuring a keyboard, mouse, monitor, and a central processing unit.

Microprocessors

Integrated circuits that contain the basic functions of a computer's central processing unit (CPU), performing arithmetic, logic, controlling, and processing operations specified by the instructions in the computer program.

Mainframes

Large, powerful computers used primarily by large organizations for critical applications, massive data processing, and transaction processing.