When Externalities Are Present in a Market, the Well-Being of Market

question 369

Multiple Choice

When externalities are present in a market, the well-being of market participants

• A)and market bystanders are both directly affected.
• B)and market bystanders are both indirectly affected.
• C)is directly affected, and market bystanders are indirectly affected.
• D)is indirectly affected, and market bystanders are directly affected.

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Definitions:

Science Goal

A specific, measurable objective aimed at gaining knowledge or understanding in a scientific field.

Scientific Method

a systematic approach to research and experiment that involves observation, hypothesis formation, experimentation, and the analysis of data to reach conclusions.

Testable Hypothesis

A statement that makes a specific prediction that can be verified or falsified through experimentation or observation.

Research Method

The systematic approach, technique, or way of planning and conducting scientific investigations in any given field of study.