At the market output and price for a good whose production causes pollution,
a. pollution is eliminated
b. the marginal social cost of production exceeds the marginal social benefit of production
c. the private cost of production equals the private benefit of production
d. the marginal social benefit of production equals the marginal social cost of production
e. too little of the good is produced
B
You might also like to view...
Which is greater -- economic profit or accounting profit?
Which of the following describes a labor union in the furniture industry?
a. The Skills I class covered proper milling, planning, saw work, and joinery. b. The group voted to accept a contract that raised hourly pay rates to $29.00. c. Employees received discounts at the company’s tool and supply retail outlet. d. The board voted to buy a rival table maker in an effort to gain market share.