External costs can be defined as
A) the cost associated with private production, but partially borne by society.
B) the sum of all private production costs.
C) the cost of running the federal government.
D) the cost of providing all public goods and services.
A
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The U.S. commercial airline industry is a good example of an oligopolistic market
a. True b. False Indicate whether the statement is true or false
Stan complains to his roommate that he never has enough time to finish all the homework he's assigned, and his roommate tells him to quiet down because the first of the three movies they've planned to watch that day has begun. Stan's behavior demonstrates which economic concept?
A. rational behavior B. time inconsistency C. chronologically challenged behavior D. time allocation