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Author Question: If firms have to account for external costs of production, then marginal social cost (Read 55 times)

joesmith1212

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on: Apr 19, 2019

Question 1

If a profit-maximizing competitive firm ________ compensate society for a negative externality, the firm will choose to produce where price equals marginal cost.


◦ does not have to
◦ is pressured to
◦ voluntarily chooses to
◦ is legally bound to

Question 2

If firms have to account for external costs of production, then marginal social cost


◦ equals marginal cost.
◦ is less than marginal cost.
◦ is greater than marginal cost.
◦ is zero.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by joesmith1212 on Apr 19, 2019

dlook33

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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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joesmith1212

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

laurnthompson

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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