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Exhibit 30-4 ​ Refer to Exhibit 30-4. If a Negative Externality Exists, Then

Question 146

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Exhibit 30-4 ​
Exhibit 30-4 ​ Refer to Exhibit 30-4. If a negative externality exists, then curve __________ represents the marginal social cost curve and the area __________ represents the market failure. A) 1; ACB B) 3; BCD C) 2; BCD D) 3; ACB E) 2; ACB
Refer to Exhibit 30-4. If a negative externality exists, then curve __________ represents the marginal social cost curve and the area __________ represents the market failure.


A) 1; ACB
B) 3; BCD
C) 2; BCD
D) 3; ACB
E) 2; ACB

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