An Externality Is

question 442

Multiple Choice

An externality is

• A)the costs that parties incur in the process of agreeing and following through on a bargain.
• B)the uncompensated impact of one person's actions on the well-being of a bystander.
• C)the proposition that private parties can bargain without cost over the allocation of resources.
• D)a market equilibrium tax.

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Definitions:

Sourcing

The process involved in finding, evaluating, and engaging suppliers of goods and services.

Mineralized Salts

Inorganic substances, primarily calcium and phosphate, deposited in the matrix of bone and teeth, giving them hardness and rigidity.

Organic Matrix

The non-mineral component of bone and teeth, composed mainly of collagen and ground substance, which provides flexibility and tensile strength.

Osteocytes

Mature bone cells that maintain bone tissue by regulating mineral content and assisting in the repair of damaged bone.