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:

Sequential Integers

A series of integers (whole numbers) arranged in an ordered sequence where each number differs from the previous one by a constant step, typically one.

Number

An object in mathematics that is employed for counting, measuring, and labeling.

SeqNumber

Typically refers to a sequential number, an identifier used to denote the position of an item within a series or order of items.

Integer

An integer that includes positive and negative numbers as well as zero, but excludes any fractional or decimal values.