The Market Works Efficiently in the Absence of Externalities If

question 39

Multiple Choice

The market works efficiently in the absence of externalities if the good is

• A) rival and excludable.
• B) nonrival and nonexcludable.
• C) rival and nonexcludable.
• D) nonrival and excludable.
• E) rival and either excludable or nonexcludable.

---

Definitions:

Focus

Focus refers to the concentration of one’s attention or resources on a specific task or activity without distraction.

Memory Map

A schematic representation of how memory (storage) locations are organized and used in computing devices.

Military Strategy

The planning and execution of actions and movements of armed forces to achieve a specific objective or set of objectives within a conflict or war.

Civil War

A conflict between different factions or regions within the same country, often over political, social, or ethnic differences.