Multiple Choice
The marginal private cost curve (MC) is a positively-sloped straight line starting at the origin.If marginal external cost increases as output increases,then the marginal social cost curve is a positively-sloped straight line
A) parallel to and above the MC curve.
B) parallel to and below the MC curve.
C) above the MC curve,and with a slope greater than the MC curve.
D) below the MC curve,and with a slope less than the MC curve.
E) above the MC curve,with a slope less than the MC curve.
Correct Answer:
Verified
Correct Answer:
Verified
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