The payment made to an owner of a resource in excess of the opportunity cost of the resource is

Suppose most consumers who eat hotdogs also use mustard, a complementary good. If the price of hotdogs rises, which is most likely to happen?

A) The demand curve for mustard will shift right. B) The demand curve for hotdogs will shift right. C) The demand curve for mustard will shift left. D) The demand for hotdogs will fall.

If the production of a good causes pollution (an external cost), is the unregulated competitive market equilibrium of that product efficient?

What will be an ideal response?