Externalities Exist Because

question 53

Multiple Choice

Externalities exist because

• A) private costs differ from social costs.
• B) private costs are equal to social costs.
• C) government has created them.
• D) they are a function of socialism.

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Definitions:

United States

A country in North America consisting of 50 states, a federal district, and various territories, known for its diverse geography and population.

Economic Activity

The production, distribution, and consumption of goods and services within an economy.

Acquiring Food

The process of obtaining food through various means such as farming, hunting, gathering, or purchasing, crucial for survival and economic activity.

Medical Solutions

Therapeutic treatments or interventions designed to address, manage, or cure health problems and diseases.