In a Market Where Negative Externalities Are Associated with Consumption

question 31

Multiple Choice

In a market where negative externalities are associated with consumption and production, the equilibrium will not be efficient because:

• A) Too few resources will be allocated towards producing the good
• B) Firms will shut down until costs are reduced
• C) Costs of production will, on average, be too high
• D) Too many resources will be allocated towards producing the good

---

Definitions:

Activity Duration

The estimated or actual time it takes to complete a specific task or activity within a project.

Schedule

A detailed plan that outlines tasks, timings, durations, and dependencies in a project, guiding its timely execution.

Open Source

Related to software whose initial source code is openly accessible and can be both redistributed and altered.

Work Breakdown Structure (WBS)

A hierarchical decomposition of a project into manageable sections, detailing all tasks and subtasks required for completion.