An Externality Is an Example of a Market Failure

question 227

True/False

An externality is an example of a market failure.

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Definitions:

Diverse Work Environment

An inclusive workplace setting that values and incorporates a variety of employee backgrounds, cultures, experiences, and perspectives.

Discrimination Lawsuits

Legal actions initiated against individuals or organizations accused of unfair treatment based on race, gender, age, disability, or other protected characteristics.

Employee Relationships

The interactions and connections between colleagues within a workplace.

Communication Skills

The ability to convey information effectively and efficiently through spoken, written, or non-verbal means.