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-Refer to Figure 15-4. What Does S1 represent

Question 171

Multiple Choice

-Refer to Figure 15-4. What does S<sub>1 </sub>represent? A) the market supply curve that reflects social cost B) the market supply curve that reflects only external cost C) the market supply curve that reflects only private benefit D) the market supply curve that reflects private cost
-Refer to Figure 15-4. What does S1 represent?


A) the market supply curve that reflects social cost
B) the market supply curve that reflects only external cost
C) the market supply curve that reflects only private benefit
D) the market supply curve that reflects private cost

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