When External Benefits Are Significant

question 219

Multiple Choice

When external benefits are significant:

• A) market output is too low.
• B) market output is too high.
• C) market output is at the efficient level.
• D) social surplus is maximized.

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Definitions:

Crust Composition

The chemical and physical composition of the Earth's crust, including elements such as oxygen, silicon, aluminum, and iron.

Crust Density

A measure of the density of the Earth's crust, varying based on composition and the type of rock, impacting plate tectonics and geographical formations.

Lithosphere

The rigid outer layer of the Earth, composed of the crust and the upper part of the mantle, which is divided into tectonic plates.

Continental Crust

The substantial section of the Earth's crust that creates the major continental areas, typically older and more intricate than the crust found beneath oceans.