Question
10. When the production of a good generates external costs, the producing firm's market supply curve will be... a. identical to the socially-efficient supply curve.
10. When the production of a good generates external costs, the producing firm's market supply curve will be...
a. identical to the socially-efficient supply curve.
b. horizontal.
c. below the socially-efficient supply curve.
d. vertical.
e. above the socially-efficient supply curve.
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Principles of Economics
Authors: Gregory Mankiw
7th edition
128516587X, 978-1285165875
