Multiple Choice
Figure: Negative Externalities and Raising Pigs for Pork
(Figure: Negative Externalities and Raising Pigs for Pork) Refer to the figure Negative Externalities and Raising Pigs for Pork.If the marginal external cost of raising a pig for pork is $400, then the socially optimal quantity of pigs to raise is and
The socially optimal price is _.
A) 150; $900
B) 200; $800
C) 250; $700
D) 300; $1,200
Correct Answer:

Verified
Correct Answer:
Verified
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