Multiple Choice
Currently Q0 of electrical power is being produced. The demand curve is represented by D, and the current market supply is represented by S0. It is discovered that the Rocky Mountain Electrical Co-op and Power Company is discharging waste into the area water supply. As a result, S1 represents ____ and a price of ____ would represent the true internalized cost of production at that level of output. 
A) the supply curve with external costs included; P2
B) the supply curve with external costs included; P1
C) the supply curve with external costs included; P0
D) There is insufficient information available to provide an accurate answer.
Correct Answer:
Verified
Correct Answer:
Verified
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