When the government charges an output tax to eliminate an externality, it forces the manufacturer to ________ the negative externality

In a graph with output on the horizontal axis and total revenue on the vertical axis, what is the shape of the total revenue curve for a perfectly competitive seller?

A) U-shaped B) inverted U-shaped C) a horizontal line D) a ray from the origin

The market system provides a way

A. to allow specialization and exchange to work in tandem. B. to improve the well-being of mankind. C. to harness self-interest. D. to allocate goods and services. E. All of the responses are correct.