The Presence of a Negative Externality Is Likely to Give

question 59

Multiple Choice

The presence of a negative externality is likely to give rise to significant market failures when:

• A)​property rights are not well-defined.
• B)​property rights are well-defined.
• C)​there are few victims of pollution and few polluters.
• D)​transaction costs are relatively low.

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Definitions:

Meta-Analytic Studies

A research method that combines and analyzes results from multiple studies to draw more comprehensive conclusions about a topic or issue.

Obsessive-Compulsive Disorder

A mental disorder characterized by persistent, unwanted thoughts (obsessions) and repetitive behaviors or mental acts (compulsions) that an individual feels driven to perform.

Disattribution

A therapeutic technique used to shift the attribution of certain behaviors or events from personal characteristics to external factors.

Preferred As-If Ways

The concept of behaving or acting in ways that reflect one's aspirational self or desired outcomes, often as a therapeutic strategy.