Suppose the Production of a Good Results in Negative Externalities

Multiple Choice

Suppose the production of a good results in negative externalities. If all costs are taken into account, then

A) output will be at a lower level than if all costs are not taken into account.
B) output will be at a lower level than the socially optimal level.
C) the marginal private cost curve will lie above and to the left of the marginal social cost curve.
D) output will be at a higher level than if all costs are not taken into account.