There Is an Externality Present Only When

question 43

Multiple Choice

There is an externality present only when

• A) private costs equal social benefits.
• B) private benefits equal social benefits.
• C) private costs or benefits diverge from social costs or benefits.
• D) private costs equal social costs.

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Definitions:

Survey

A method of gathering data or opinions from a group of people through questions to analyze or assess trends and behaviors.

Job

An activity that a person engages in to earn money or fulfill a role in society.

Workplace Lying

The act of providing false information or misrepresenting facts in a professional environment.

Studies

Systematic efforts to acquire knowledge or understand phenomena, typically through observation, research, and analysis.