Multiple Choice
If the marginal private cost of producing the fiftieth unit of a good is $3 and the marginal social cost of producing the fiftieth unit of the good is $5, then producing the good creates _____ externalities, and the marginal external cost is:
A) positive; $8.
B) positive; $2.
C) negative; $8.
D) negative; $2.
Correct Answer:
Verified
Correct Answer:
Verified
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