When External Benefits Are Present, the Market Price Is ________

question 4

Multiple Choice

When external benefits are present, the market price is ________, however when external costs are present, the market price is ________.

• A) too low; too high
• B) equal to the efficient price; too low
• C) too high; too low
• D) equal to the efficient price; too high

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Definitions:

Strengths

The innate or developed positive attributes and abilities of an individual.

Authoritative

Characterizes people or sources that command respect and are recognized for their knowledge, expertise, or status, granting them a position of authority.

Competence

The ability to do something successfully or efficiently, often refers to a specific skill or set of skills.

Parenting

The activity of raising a child, including its physical, emotional, social, and intellectual development.