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When firms are forced to pay the social costs of producing their product

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When firms are forced to pay the social costs of producing their product

When firms are forced to pay the social costs of producing their product
A) the selling price and level of output will tend to be higher than if only internal costs were considered.
B) the selling price and level of output will tend to be lower than if only internal costs were considered.
C) the selling price will be higher and level of output will be lower than if only internal costs were considered.
D) the selling price will be lower and level of output will be higher than if only internal costs were considered.
E) the firms will earn higher profits than they would if they were required to pay their internal costs.

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Introduction to Economic Reasoning

Edition: 8^th

Author: Rohlf

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sgy_89 Author

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8 years ago

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