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If the social costs of refining oil are greater than the private costs of oil refining, then

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If the social costs of refining oil are greater than the private costs of oil refining, then

If the social costs of refining oil are greater than the private costs of oil refining, then
A) the external costs of oil refining are greater than the social costs of oil refining.
B) users of products that use refined oil are paying too much for the products.
C) there is too much oil refining.
D) the amount of oil refining needs to increase in order to bring social costs and private costs in line with each other.

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Economics Today: The Micro View

Edition: 19^th

Author: Miller

Read 64 times

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DaiwalkerX

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More solutions for this book are available here

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janderson2000 Author

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DaiwalkerX

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...I assume it was right Smiling Face with Open Mouth

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