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Figure 9.3

Question 104

Multiple Choice

Figure 9.3: Figure 9.3:     -In Figure 9.3,if the rate of output is 320 units: A)  Social costs equal private costs. B)  Social costs exceed private costs. C)  Private costs exceed social costs. D)  External costs equal private costs.
-In Figure 9.3,if the rate of output is 320 units:


A) Social costs equal private costs.
B) Social costs exceed private costs.
C) Private costs exceed social costs.
D) External costs equal private costs.

Correct Answer:

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