In a perfectly competitive market where there are no externalities:
A) marginal social cost will be greater than price
B) marginal social benefit will equal marginal social cost
C) marginal social benefit will be greater than price
D) price will be greater than marginal social benefit
Correct Answer:
Verified
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Q12: Which of the following defines an environmental
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Q14: Imperfect information on the part of buyers
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Q17: When the marginal social cost of the
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Q19: Externalities are a problem only if:
A) decision
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