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Title: If firms have to account for external costs of production, then marginal social cost Post by: unicorngirl13 on Apr 28, 2019 Question 1. If a profit-maximizing competitive firm ________ compensate society for a negative externality, the firm will choose to produce where price equals marginal cost. ▸ does not have to ▸ is pressured to ▸ voluntarily chooses to ▸ is legally bound to Question 2. If firms have to account for external costs of production, then marginal social cost ▸ equals marginal cost. ▸ is less than marginal cost. ▸ is greater than marginal cost. ▸ is zero. Title: If firms have to account for external costs of production, then marginal social cost Post by: dnlee1 on Apr 28, 2019 Content hidden
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