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  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 16: Externalities, Public Goods, and Common Resources
  5. Question
    If Firms Have to Account for External Costs of Production
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If Firms Have to Account for External Costs of Production

Question 270

Question 270

Multiple Choice

If firms have to account for external costs of production, then marginal social cost


A) equals marginal cost.
B) is less than marginal cost.
C) is greater than marginal cost.
D) is zero.

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