Assume that a firm's marginal revenue just barely exceeds marginal cost. Under these conditions the firm should:

Writing in the 18th century, Adam Smith downplayed technology as a factor contributing to a nation's economic growth

Indicate whether the statement is true or false

Firms that emit toxins into the air:

A. underproduce because the private cost of production exceeds the social cost. B. overproduce because the social cost of production exceeds the private cost. C. produce the same as nonpolluting firms. D. produce at the socially optimal amount.