-Refer to the diagram above.Private MC represents the
A) meaningful cost of private production.
B) supply curve of a product without taking into consideration the external cost to society.
C) marginal revenue of private production without taking external cost into consideration.
D) marginal cost including the per-unit external cost to society.
E) marginal equilibrium price of the product with external costs included.

Question

-Refer to the diagram above.Private MC represents the
A) meaningful cost of private production. 
B) supply curve of a product without taking into consideration the external cost to society. 
C) marginal revenue of private production without taking external cost into consideration. 
D) marginal cost including the per-unit external cost to society. 
E) marginal equilibrium price of the product with external costs included.

Quizplus · Accepted Answer

Private MC represents the supply curve of a product without considering the external costs to society, focusing only on the costs incurred by the producer.

-Refer to the Diagram Above.Private MC Represents the