No Externalities Exist When

question 50

Multiple Choice

No externalities exist when:

• A) private costs exceed social costs.
• B) private costs and benefits equal social costs and benefits.
• C) private benefits are less than social benefits.
• D) private benefits exceed social benefits.

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Definitions:

Carboxylic Acid

Organic acids characterized by the presence of at least one carboxyl group, playing significant roles in biochemistry and industry.

Amine End

The part of an amine molecule where the nitrogen atom is located, often involved in bonding due to its lone pair of electrons.

Asn

A symbol representing the amino acid asparagine, which is crucial in the biosynthesis of proteins.

Asparagine

An amino acid, denoted by the symbol N, that is used in the biosynthesis of proteins.