Multiple Choice
When the market produces output where the marginal social cost of production exceeds the marginal private cost to the firm,it must be the case that the production of the good involves
A) negative production externalities.
B) negative consumption externalities.
C) positive production externalities.
D) positive consumption externalities.
E) both negative production and consumption externalities.
Correct Answer:

Verified
Correct Answer:
Verified
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