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Figure 114 Figure 11

Question 74

Multiple Choice

Figure 11.4 Figure 11.4 Figure 11.4 shows a market with a negative externality. -Refer to Figure 11.4.What price represents the true marginal cost of the last unit produced? A) P<sub>a</sub> B) P<sub>b</sub> C) P<sub>c</sub> D) P<sub>f</sub><sub>.</sub> Figure 11.4 shows a market with a negative externality.
-Refer to Figure 11.4.What price represents the true marginal cost of the last unit produced?


A) Pa
B) Pb
C) Pc
D) Pf.

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