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Phydeaux Phydeaux
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6 years ago
If there are negative externalities, then in a competitive market with no government action,
A) marginal social cost equals marginal social benefit.
B) marginal social cost is less than marginal social benefit.
C) marginal social cost is greater than marginal social benefit.
D) marginal social cost equals marginal external cost.
E) none of the above is true.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
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AryanAryan
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6 years ago
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