Costs to society will equal costs to a private firm when
A) the firm misallocates resources in its market.
B) third parties bear some of the costs of producing the firm's product.
C) harmful externalities occur in the firm's market.
D) no externalities occur as the firm produces its product.
E) beneficial externalities occur in the firm's market.
Correct Answer:
Verified
Q55: Exhibit 15-2 Q56: Exhibit 15-2 Q57: A situation in which the costs of Q58: What is involved in a cost-benefit analysis Q59: When a negative externality occurs, Q61: Education Q62: Suppose that the production of a good Q63: Which of the following is least likely Q64: The private market is said to underproduce Q65: Marginal external benefit equals
A)social costs are
A)is a public good.
B)provides a positive externality.
C)causes
A)marginal social benefit plus
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