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The Supply and Demand Conditions Facing a Firm That Makes

Question 66

Multiple Choice

The supply and demand conditions facing a firm that makes widgets and generates a negative externality by dumping a highly toxic sludge in a nearby river is given in the table below.
The supply and demand conditions facing a firm that makes widgets and generates a negative externality by dumping a highly toxic sludge in a nearby river is given in the table below. The equilibrium price and quantity when only private costs are taken into account are A) Price = $55, Quantity = 30 B) Price = $40, Quantity = 55 C) Price = $30, Quantity = 20 D) Price = $30, Quantity = 80
The equilibrium price and quantity when only private costs are taken into account are


A) Price = $55, Quantity = 30
B) Price = $40, Quantity = 55
C) Price = $30, Quantity = 20
D) Price = $30, Quantity = 80

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