If society had to pay external costs plus production costs, the supply of goods would

Name: If society had to pay external costs plus production costs, the supply of goods would
Brand: Quizplus
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Question

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If society had to pay external costs in addition to production costs, the total cost of production would increase. This increase in cost would make it less profitable for producers to produce as much of the good, which would lead to a decrease in supply.

If Society Had to Pay External Costs Plus Production Costs