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Author Question: Assume that the marginal cost of producing steel does not include the cost of the damage to the ... (Read 27 times)

waynest

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on: Apr 19, 2019

Question 1

Society will produce the efficient mix of output if all firms equate price and marginal cost.


◦ true
◦ false

Question 2

Assume that the marginal cost of producing steel does not include the cost of the damage to the environment as a result of pollution. By producing where 
P = 
MC, the firm will be producing


◦ the efficient amount of steel.
◦ more than the efficient amount of steel.
◦ less than the efficient amount of steel.
◦ a zero quantity of steel.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by waynest on Apr 19, 2019

Jadwiga9

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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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waynest

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

sarah_brady415

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Reply 3 on: Yesterday
Excellent

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