Multiple Choice
Suppose the production of a good results in negative externalities. If all costs are taken into account, then
A) output will occur at the socially optimal level.
B) the price of the product will be higher than if all costs are not taken into account.
C) more output will be produced than if all costs are not taken into account.
D) a and b
E) a, b, and c
Correct Answer:
Verified
Correct Answer:
Verified
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