Which of the following describes how a negative externality affects a competitive market?
A) The externality causes a difference between the private cost of production and the private benefit from consumption.
B) The externality causes consumer surplus to exceed producer surplus.
C) The externality causes a difference between the private cost of production and the equilibrium price.
D) The externality causes a difference between the private cost of production and the social cost.
D
Economics
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An open market sale, an increase in the discount rate, and an increase in the reserve requirement would shift the aggregate demand curve leftward
Indicate whether the statement is true or false
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Excludable goods are those goods that a person can be prevented from consuming
a. True b. False Indicate whether the statement is true or false
Economics