The Table Below Shows the Payoff (Profit) Matrix of Firm

question 73

Multiple Choice

The table below shows the payoff (profit) matrix of Firm A and Firm B indicating the profit outcome that corresponds to each firm's pricing strategy (where $500 and $200 are the pricing strategies of two firms) .Table 12.2

-​Which of the following activities will generate a negative externality?

• A)​A beekeeper keeping bees for honey
• B)​Inoculations for communicable diseases
• C)​Research and development activities of a firm
• D)​A chemical factory set up in a residential area
• E)​Improvement in education facilities

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Definitions:

Personal Computers

Electronic devices designed for individual use, capable of executing a set of commands to perform various tasks, such as word processing, internet browsing, and gaming.

Private Sector

The part of the economy that is run by individuals and companies for profit and is not under direct government control.

Public Sector

The portion of the economy composed of government services and enterprises, including federal, state, and local government bodies.

Profit and Loss

A financial statement that summarizes the revenues, costs, and expenses incurred during a specific period of time, usually a fiscal quarter or year, to show the net profit or loss of a business.