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Author Question: A monopoly might produce less than the socially optimal amount of pollution because A) it likes ... (Read 74 times)

maegan_martin

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on: Jul 1, 2018
A monopoly might produce less than the socially optimal amount of pollution because
 
  A) it likes to be a good citizen.
  B) it sets price above marginal cost.
  C) it earns economic profit.
  D) it internalizes the external costs.

Question 2

Because a monopoly ignores external costs, it is possible that it will
 
  A) produce the socially optimal quantity of a good.
  B) produce more than the socially optimal quantity of a good.
  C) produce less than the socially optimal quantity of a good.
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
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TheNamesImani

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

D


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