If a firm that pollutes wants to maximize profits,it will produce where
A) The social value of production equals the social cost of production.
B) Private and social costs are equal.
C) Marginal revenue and private marginal cost are equal.
D) Social benefits exceed social costs.
Correct Answer:
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Q32: When private and social costs are equal,
A)Market
Q33: If the social costs of an economic
Q34: Which of the following is not the
Q35: The market tends to overproduce goods that
Q36: An example of a negative externality in
Q38: Which of the following is not a
Q39: Social costs are
A)The total resource costs of
Q40: An external cost is borne by
A)The producer
Q41: Laws requiring the sorting and recycling of
Q42: Firm A finds it very expensive to
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