Multiple Choice
Which of the following statements is correct?
A) Internalizing a negative externality will cause an industry to decrease the quantity it supplies to the market and decrease the price of the good produced.
B) Internalizing a negative externality will cause an industry to decrease the quantity it supplies to the market and increase the price of the good produced.
C) Internalizing a negative externality will cause an industry to increase the quantity it supplies to the market and decrease the price of the good produced.
D) Internalizing a negative externality will cause an industry to increase the quantity it supplies to the market and increase the price of the good produced.
Correct Answer:
Verified
Correct Answer:
Verified
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