41.  Which of the following describes a situation where the marginal social cost is greater than the marginal private cost at equilibrium?  Oligopoly Monopoly Positive externality Allocative efficiency Market inefficiency 42.  A market in which private businesses do not pay all of the production costs themselves represents a ________ and will produce ________ than the socially optimal quantity.  negative externality; less negative externality; more positive externality; more positive externality; less natural monopoly; less

Principles of Microeconomics
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Chapter10: Externalities
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41. 
Which of the following describes a situation where the marginal social cost is greater than the marginal private cost at equilibrium? 
Oligopoly
Monopoly
Positive externality
Allocative efficiency
Market inefficiency
42. 

A market in which private businesses do not pay all of the production costs themselves represents a ________ and will produce ________ than the socially optimal quantity. 
negative externality; less
negative externality; more
positive externality; more
positive externality; less
natural monopoly; less
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