If the production of a good yields a negative externality, then the social-cost curve lies ___________ the

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If the production of a good yields a negative externality, then the social-cost curve lies ___________ the supply curve, and the socially optimal quantity is ___________ than the equilibrium quantity.

a. above, greater

b. above, less

c. below, greater

d. below, less

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Principles Of Microeconomics

ISBN: 9781305081673

7th Edition

Authors: N Gregory Mankiw

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Question Posted: Nov 02, 2024 05:00 AM

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If the production of a good yields a negative externality, then the social-cost curve lies ___________ the

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Principles Of Microeconomics

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