
-In the above figure,
represents the supply curve which includes private costs, and
is the supply curve which includes social costs. If the firm is producing a product that has external costs that the firm does NOT have to pay, what will be the equilibrium price and quantity?
A)
, 
B)
, 
C)
, 
D)
, 
Correct Answer:
Verified
Q81: You enter a classroom, which is littered
Q84: All of the following are examples of
Q88: Which of the following is the main
Q89: A good that has external benefits associated
Q91: A large farm uses fertilizer that nearby
Q97: An externality exists when
A) there are private
Q98: A good which has social costs that
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents