Question
The production or consumption of an economic good that generates a negative negative externality results in A. underproduction underproduction of the good and a price
The production or consumption of an economic good that generates a negative
negative externality results in
A.
underproduction
underproduction of the good and a price that is lower than marginal social cost
cost.
B.
underproduction
underproduction of the good and a price that is higher than marginal social cost
cost.
C.
overproduction
overproduction of the good and a price that is higher than marginal social cost
cost.
D.
overproduction
overproduction of the good and a price that is lower than marginal social cost
cost.
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Advanced Placement Economics Microeconomics
Authors: Gary L. Stone
4th Edition
1561836699, 978-1561836697
