If a Good Has an External Cost, the Efficient Price

question 194

True/False

If a good has an external cost, the efficient price is greater than the market price.

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Definitions:

Lou Gehrig Disease

Also known as Amyotrophic Lateral Sclerosis (ALS), a progressive neurodegenerative disease affecting nerve cells in the brain and spinal cord.

Amyotrophic Lateral Sclerosis

A progressive neurodegenerative disease affecting motor neurons, leading to muscle weakness and atrophy.

Multiple Sclerosis

An autoimmune disorder where the body's immune system attacks the protective sheath (myelin) of nerve fibers, causing communication problems between the brain and the rest of the body.

End Plate

On a muscle, the receptor–ion complex that is activated by the release of the neurotransmitter acetylcholine from the terminal of a motor neuron.