The figure given below shows the demand and supply curves of steel.Sp is the private supply curve, and Ss is the social supply curve that includes both private costs and external costs. Figure 13.2
In Figure 13.2, external costs are equal to _____.
A) Ps - Pp
B) da
C) Qp - Qs
D) ab
E) bc
Correct Answer:
Verified
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