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Author Question: If perfectly competitive firms have to account for external costs of production, then at the ... (Read 41 times)

Collmarie

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on: Apr 19, 2019

Question 1

If firms have to account for external costs in production, then they will produce an output level that is ________ the efficient level.


◦ at
◦ below
◦ above
◦ either above or below

Question 2

If perfectly competitive firms have to account for external costs of production, then at the equilibrium level of output


◦ P = 
MC
◦ P < 
MSC
◦ MC = MSC
◦ Both 
P = 
MC and 
MC = MSC are correct.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Collmarie 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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Collmarie

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Reply #2 on: Apr 19, 2019
Thank you!


asdfghjkl;

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Reply #3 on: Apr 19, 2019
Always glad to help...


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