Assume That Production of a Good Generates External Benefits for Others

question 204

Multiple Choice

Assume that production of a good generates external benefits for others. The equilibrium price of the good will be ____ and the equilibrium quantity ____ for efficient resource allocation.

• A)​too high; too high.
• B)​too high; too low.
• C)​too low; too high.
• D)​too low, too low.

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Definitions:

Violence Acceptability

The extent to which individuals or societies find the use of physical force or aggression as an acceptable means to achieve an end.

Abused Children

Minors who have suffered from physical, emotional, sexual, or neglectful acts by a caregiver or other person, resulting in harm, potential for harm, or threat of harm.

Abusive Parents

Parental figures who engage in actions or behaviors that cause physical, emotional, or psychological harm to their children, leading to lasting effects on the child's well-being.

Gender and Aggression

A research area focusing on how gender influences the expression and experience of aggressive behaviors.