A market supply curve reflects the
A)external costs of producing a good or service.
B)external benefits of producing a good or service.
C)social costs of producing a good or service.
D)private costs of producing a good or service.

Question

Quizplus · Accepted Answer

A market supply curve reflects the private costs of producing a good or service, which are the costs borne by the producers themselves. The external costs and social costs are not reflected in the market supply curve because they are costs incurred by third parties or society as a whole, not the producers. The external benefits would be reflected in the demand curve, not the supply curve.

A Market Supply Curve Reflects the