If Consumption of a Good Creates Positive Externalities,then

question 100

Multiple Choice

If consumption of a good creates positive externalities,then

• A)private demand is greater than marginal social benefit
• B)marginal private benefit is less than marginal social benefit
• C)private cost is less than marginal social cost
• D)marginal social cost is greater than marginal social benefit
• E)marginal private cost is zero

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Definitions:

Process Conflict

A disagreement among team members about the logistics and methods of task achievement, rather than the task itself.

Minimize Competition

Strategies or approaches aimed at reducing rivalry or conflict between individuals or entities in order to foster a more cooperative or harmonious relationship.

Commons Dilemma

A situation in which individuals' short-term selfish interests conflict with long-term group benefits and sustainability, often related to resource use.

Reward Allocation Scheme

A system or principle used to determine how rewards, such as bonuses or recognition, are distributed among members of a group or organization.