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Author Question: If a profit-maximizing perfectly competitive firm does not have to compensate society for a negative ... (Read 40 times)

tingc95

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on: Apr 19, 2019

Question 1

The total cost to society of producing an additional unit of a good or service is the marginal


◦ external cost.
◦ damage cost.
◦ social cost.
◦ private cost.

Question 2

If a profit-maximizing perfectly competitive firm does not have to compensate society for a negative externality, the firm will choose to produce where


◦ price equals marginal cost.
◦ price equals marginal social cost.
◦ marginal cost equals marginal social cost.
◦ marginal revenue equals marginal social cost.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by tingc95 on Apr 19, 2019

asdfghjkl;

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tingc95

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

milbourne11

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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