Competition in the Presence of Negative Externality Will Result in the Following

question 102

Multiple Choice

Competition in the presence of negative externality will result in the following outcome:

• A) the market price will be lower and output will be lower than socially desirable.
• B) the market price will be lower and output will be higher than socially desirable.
• C) the market price will be higher and output will be lower than socially desirable.
• D) the market price output will be the same as socially desirable.

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Definitions:

Folded Metamorphic Rocks

Metamorphic rocks that have been subjected to significant pressure and heat, resulting in a folded appearance due to deformation.

Well-developed Cleavage

A property of minerals that allows them to break along flat, parallel surfaces with ease, often a result of their crystal structure.

Bedding

Layers of sediment or sedimentary rock laid down in natural processes within bodies of water or on the Earth's surface.

Shiny

A term used to describe a surface or material that reflects light, often associated with gloss or luster.