When There Is a Positive Externality in a Free Market

question 257

True/False

When there is a positive externality in a free market, too much of the good is produced and consumed.

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Definitions:

Contest Among Employers

Competitive dynamics in the labor market where businesses vie to attract and retain the best talent through various strategies and incentives.

Retention Activities

Strategies and practices aimed at keeping employees in an organization to reduce turnover and maintain a skilled workforce.

Encourage Employees

The act of motivating and inspiring workers to achieve personal and organizational goals through various means, including recognition and rewards.

Continue To Work

The ongoing commitment or action of remaining employed or engaging in work activities, possibly despite challenges or reaching retirement age.