Refer to the Accompanying Figure

question 81

Multiple Choice

Refer to the accompanying figure. When a negative externality exists and the government does not intervene, which point best identifies the market equilibrium?

• A) A
• B) B
• C) C
• D) D
• E) either C or D

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Definitions:

Oedipus Complex

In psychoanalysis, a conflict occurring in the phallic (Oedipal) stage, in which a child desires the parent of the other sex and views the same-sex parent as a rival.

Phallic Stage

A phase in Freudian psychosexual development, occurring from ages 3 to 6, where the focus of libido is on the genital area.

Superego

In psychoanalytic theory, the part of the personality that acts as a moral center, enforcing ethical standards and societal norms.

Psychosexual Development

Freud's theory that childhood development occurs in a series of fixed psychosexual stages, each characterized by different urges and conflicts.