What Are Externalities

question 129

Multiple Choice

What are externalities?

• A)The extra cost involved in the packaging and marketing of a product.
• B)The additional costs of a product which cannot be recouped from the government.
• C)The extra cost to the consumers of a product in terms of maintenance and insurance.
• D)The benefits or costs of a product experienced by people who neither consume nor produce that product.

Identify the effects of discrimination on firm profitability and labor market efficiency.

Understand how the opportunity cost of leisure influences labor supply decisions.

Understand the role and impact of social media in crisis management and communication.

Identify best practices for social media use by entertainment professionals.