A Negative Externality Will Cause a Private Market to Produce

question 476

Multiple Choice

A negative externality will cause a private market to produce

• A)less than is socially desirable.
• B)more than is socially desirable.
• C)exactly the quantity that is socially desirable.
• D)less than the same market would produce in the presence of a positive externality.

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Definitions:

Summarizing Document

The process of concisely presenting the main points and essential information from a document.

Supporting Details

Additional information provided to back up, clarify, or explain the main idea.

Collection Letters

Communication tools used by businesses to remind customers of overdue payments in a professional manner.

Negative

Referring to something detrimental, unfavorable, or expressing denial, disagreement, or a lack of something.