A negative externality causes Select one: a. the social cost of production to be greater than the private cost. b. the social cost of production to be the same as the private cost. c. None of the answers are correct d. the social cost of production to be less than the private cost.
A negative externality causes Select one: a. the social cost of production to be greater than the private cost. b. the social cost of production to be the same as the private cost. c. None of the answers are correct d. the social cost of production to be less than the private cost.
Chapter17: Externalities And The Environment
Section: Chapter Questions
Problem 2.4P
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A negative externality causes
Select one:
a. the social cost of production to be greater than the private cost.
b. the social cost of production to be the same as the private cost.
c. None of the answers are correct
d. the social cost of production to be less than the private cost.
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