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18 Aug 2020
When a negative externality is 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.
When a negative externality is 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.
malupiton2022Lv10
12 Oct 2022
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Alice SejakeLv10
17 Sep 2020
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