Multiple Choice
When the consumption of a good or service imposes costs to society that are not reflected in the market price of the good,_____
A) a negative externality arises.
B) it implies that a renewable resource has been used in the production of the good.
C) a positive externality arises.
D) it implies that the good is a public good.
E) it implies that a nonrenewable resource has been used in the production of the good.
Correct Answer:
Verified
Correct Answer:
Verified
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