29 Jan Question 4 Positive externalities
Question 1 In perfect competition, so many companies deal in the same good or service that a single company does not have any influence over the price of the good or service.
Question 1 options:
True
False
Question 2 An oligopoly is a market structure that provides most of the goods in consumer markets.
Question 2 options:
True
False
Question 3 In a monopoly, there are only five companies in the market and that company has complete control over the price and output level.
Question 3 options:
True
False
Question 4 Positive externalities are situations in which a third party benefits from a transaction between some other parties.
Question 4 options:
True
False
Question 5 Negative externalities are situations in which part of the cost of providing a good or a service is borne by a third party to the transaction.
Question 5 options:
True
False
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