Which of These Statements Is Not True of Both External

question 8

Multiple Choice

Which of these statements is not true of both external cost and external benefit situations?

• A)​They both can lead to market failure.
• B)​They both cause welfare costs.
• C)​They both make it possible for government intervention to lead to more efficient results.
• D)​All of the above are true.

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Definitions:

Constant

A fixed value that does not change.

Binomial Distribution

A probability distribution expressing the probability of a fixed number of successes in a fixed number of trials, with only two possible outcomes.

Mean

The average of a set of numbers, calculated by dividing the sum of the numbers by the count of numbers.

N

Common statistical notation representing the sample size or the number of observations in a dataset.