Multiple Choice
If producing a good or a service creates pollution, then
A) the industry's supply curve includes the extra cost of pollution.
B) at the unregulated, competitive market equilibrium quantity, marginal social benefit is less than the equilibrium price.
C) at the unregulated, competitive market equilibrium quantity, marginal social benefit and marginal social cost are equal.
D) at the unregulated, competitive market equilibrium quantity, marginal social cost is greater than the equilibrium price.
E) an unregulated competitive market produces an efficient output.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: If the marginal private cost of producing
Q5: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The figure above
Q6: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The figure above
Q7: Transactions costs are the<br>A) external costs when
Q8: Legally established titles to ownership, use and
Q10: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The figure above
Q11: The cost of producing an additional unit
Q12: The cost of producing an additional unit
Q13: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The figure above
Q14: A subsidy is<br>A) a payment that the