Table 10-4 -Refer to Table 10-4. the Table Represents a Market in a Market

question 470

Multiple Choice

Table 10-4
-Refer to Table 10-4. The table represents a market in which

• A)there is no externality.
• B)there is a positive externality.
• C)there is a negative externality.
• D)The answer cannot be determined from inspection of the table.

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Definitions:

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A term referring to something that is used to distract or pacify the general population, preventing them from recognizing and addressing societal problems.

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A philosopher, economist, and revolutionary from the 19th century, famously recognized for his ideas on capitalism and communism.

Max Weber

A German sociologist, philosopher, and political economist whose works on the sociology of religion, government, and the economy had a profound influence on social theory.