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171 For a product with external costs (negative externalities) that is produced in a competitive, unregulated market, the market price will be the price at the socially optimum level of production and the market quantity will be _than the socially optimum level of production tits will be A. lower than; more B. higher than; more C. lower than; less D. the same as; more E. higher than; less

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4 Apr 2018
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Related questions

A monopolist produces:

a. more than the socially efficient quantity of output but at a higher price than in a competitive market

b. less than the socially efficient quantity of output but at a higher price than in a competitive market.

c. the socially efficient quantity of output but at a higher price than in a competitive market.

d. possibly more or possibly less than the socially efficient quantity of output, but definitely at a higher price than in a competitive market

If negative externalities are present in a market, ________.

A) the price charged in the market is higher than the socially optimal price

B) the quantity supplied in the market is larger than the socially optimal level

C) the marginal social cost of production is lower than the marginal private cost

D) the average cost of production exceeds the marginal cost of production at all output levels

When negative externalities are present in a market,
 
A. The quantity supplied is larger than socially optimal. 
B. The average cost of production exceeds the marginal cost of production at all output levels. 
C. The price charged in the market is higher than the socially optimal price. 
D. The social cost of production is lower than the marginal private cost.

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