Multiple Choice
-The above figure shows the marginal private cost curve, marginal social cost curve, and marginal social benefit curve for raising goats on a common pasture. The efficient outcome is raising
A) 0 goats.
B) 40 goats.
C) 50 goats.
D) 55 goats.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: An externality occurs when<br>A) the costs of
Q13: If a good has an external cost,
Q14: Those opposed to fracking, a method of
Q15: A large farming operation which uses a
Q16: When external benefits are present<br>A) competitive markets
Q18: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q19: What is marginal external cost? Give an
Q20: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above
Q21: When the consumption of a good creates
Q22: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The table above