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.

ECON MICRO
5th Edition
ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
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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