When There Is a Negative Externality, the Competitive Output Is

question 173

True/False

When there is a negative externality, the competitive output is greater than the economically efficient output level.

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Definitions:

Climate change

A long-term alteration in Earth's climate patterns, including temperature, precipitation, and wind, primarily due to human activities.

Malnutrition

A condition that results from eating a diet in which certain nutrients are lacking, in excess (too high an intake), or in the wrong proportions.

Weather-related deaths

Fatalities resulting directly or indirectly from weather events, such as storms, heatwaves, floods, or extreme cold.

Epidemiological transition

The process by which the pattern of mortality and disease in a population shifts from infectious and acute disorders to chronic and degenerative diseases.