A Negative Externality Occurs When Marginal Social Costs Exceed Marginal

question 67

True/False

A negative externality occurs when marginal social costs exceed marginal private costs.

---

Definitions:

Techniques

A set of methods or procedures applied in a specific area to accomplish a given task.

Creativity

The ability to generate new and original ideas, solutions, or products that are both novel and valuable.

Creative Problem Solving

An approach to finding innovative solutions to complex problems through creativity, brainstorming, and flexible thinking.

Stages

Sequential phases or steps in a process or development.