If this pollution occurs, the marginal social cost equals the
A) marginal external cost.
B) private marginal cost.
C) sum of the private marginal cost and the marginal external cost.
D) private marginal cost minus the marginal external cost.
C
Economics
You might also like to view...
The effect of a change in price on the quantity bought when the consumer remains indifferent between the original and the new situation is called the
A) income effect. B) indifference effect. C) substitution effect. D) demand effect.
Economics
If expectations are rational, how can government influence unemployment in a predictable way?
a. with the normal tools, used in the normal fashion b. with fiscal policy; monetary policy will not work c. with monetary policy; fiscal policy will not work d. with surprise changes in policy only
Economics