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    Exam 18: Externalities, Open-Access, and Public Goods
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    If the Social Marginal Cost of a Good Is Very
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If the Social Marginal Cost of a Good Is Very

Question 109

Question 109

Multiple Choice

If the social marginal cost of a good is very high relative to the private marginal cost,then a monopoly will most likely


A) produce more than the social optimum.
B) produce less than the social optimum.
C) produce the social optimum.
D) produce zero pollution.

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