7. Externalities
Externalities: Social Benefits and Social Costs
7. Externalities
Externalities: Social Benefits and Social Costs
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- Multiple Choice
If the production of a good causes a negative externality, then the social-cost curve will lie ________________ the supply curve, and the socially optimal quantity is _________________ than the equilibrium quantity.
597views14rank - Multiple ChoiceWhich of the following is an example of a negative externality?39views
- Multiple ChoiceWhich of the following best describes a negative externality in terms of social costs and private costs?38views
- Multiple ChoiceWhich of the following best describes an externality in economics?40views