Multiple Choice
Costs to society will equal costs to a private firm when
A) the firm misallocates resources in its market.
B) third parties bear some of the costs of producing the firm's product.
C) harmful externalities occur in the firm's market.
D) no externalities occur as the firm produces its product.
E) beneficial externalities occur in the firm's market.
Correct Answer:
Verified
Correct Answer:
Verified
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