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unicorngirl13 unicorngirl13
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5 years ago

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.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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dnlee1dnlee1
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5 years ago
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unicorngirl13 Author
wrote...

5 years ago
Good timing, thanks!
nicolepope23
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
gage
wrote...

2 hours ago
This helped my grade so much Perfect
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