One consequence of a negative externality is that:

a. The marginal private cost curve slopes upward.
b. The market output is less than the socially optimal output.
c. Social costs are greater than private costs.
d. Private costs are greater than social costs.

Question

16-07-2024
Business

Answered

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One consequence of a negative externality is that:

a. The marginal private cost curve slopes upward.
b. The market output is less than the socially optimal output.
c. Social costs are greater than private costs.
d. Private costs are greater than social costs.

Sagot :

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One consequence of a negative externality is that: a. The marginal private cost curve slopes upward. b. The market output is less than the socially optimal output. c. Social costs are greater than private costs. d. Private costs are greater than social costs.

Sagot :

Other Questions

One consequence of a negative externality is that:

a. The marginal private cost curve slopes upward.
b. The market output is less than the socially optimal output.
c. Social costs are greater than private costs.
d. Private costs are greater than social costs.