Figure 9.3:
-In Figure 9.3,if the firm chooses a production method that results in zero external costs,the rate of output will be:

Question

Figure 9.3:   
-In Figure 9.3,if the firm chooses a production method that results in zero external costs,the rate of output will be:

Quizplus · Accepted Answer

Choosing a production method that results in zero external costs aligns the private costs with the social costs, leading to an efficient outcome where the rate of output is optimized, typically represented by the equilibrium point in economic models.