When Negative Externalities Exist, the Private Market Equilibrium Represents a

Multiple Choice

When negative externalities exist, the private market equilibrium represents a

A) market price which is too low and a market quantity which is too low.
B) market price which is too low and a market quantity which is too high.
C) market price which is too high and a market quantity which is too low.
D) market price which is too high and a market quantity which is too high.