If a firm's activities generate detrimental externalities, the marginal social cost will be less than the marginal private cost.

Name: If a firm's activities generate detrimental externalities, the marginal social cost will be less than the marginal private cost.
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When a firm's activities generate detrimental externalities, the marginal social cost is greater than the marginal private cost because it includes both the private costs incurred by the firm and the external costs imposed on society.

If a Firm's Activities Generate Detrimental Externalities, the Marginal Social