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Author Question: If the social cost of producing a good or service exceeds the private cost A) the sum of consumer ... (Read 94 times)

stephzh

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on: Jun 29, 2018
If the social cost of producing a good or service exceeds the private cost
 
  A) the sum of consumer surplus and producer surplus is maximized.
  B) a positive externality exists.
  C) the market achieves economic efficiency.
  D) a negative externality exists.

Question 2

Sole proprietorships are ________ type of business.
 
  A) the most common B) the least risky C) the most profitable D) the least common
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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Rilsmarie951

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


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