A chemical factory and a fishing club share a lake. The marginal social costs, private marginal costs, and marginal benefits from producing chemicals are in the figure above

The chemicals dumped into the lake have always harmed the fish, but now they begin to damage the fishing boats as well. As a result, the A) marginal social cost curve shifts leftward.
B) marginal social cost curve shifts rightward.
C) marginal benefit curve shifts leftward.
D) marginal benefit curve shifts rightward.

A

Economics

You might also like to view...

Refer to Figure 15-4. What is the amount of the monopoly's total revenue?

A) $21,600 B) $20,400 C) $19,740 D) $7,800

View
Economics

In the long run, imports are paid for by

A) investment. B) exports. C) dollars. D) gold or other universally accepted monies.

View
Economics