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Exhibit 31-4 -Refer to Exhibit 31-4.If a Negative Externality Exists,then Curve __________

Question 121

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Exhibit 31-4
Exhibit 31-4 -Refer to Exhibit 31-4.If a negative externality exists,then curve __________ represents the marginal social cost curve and the area __________ represents the market failure. A) 1; ACB B) 3; BCD C) 2; BCD D) 3; ACB E) 2; ACB
-Refer to Exhibit 31-4.If a negative externality exists,then curve __________ represents the marginal social cost curve and the area __________ represents the market failure.


A) 1; ACB
B) 3; BCD
C) 2; BCD
D) 3; ACB
E) 2; ACB

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