This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If perfectly competitive firms have to account for external costs of production, then at the ... (Read 77 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Collmarie on Apr 19, 2019

asdfghjkl;

  • Sr. Member
  • ****
  • Posts: 323
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.
Answer Preview
Only 56% of students answer this correctly


Collmarie

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Apr 19, 2019
Thank you!


asdfghjkl;

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

An example of external fertilization. An example of external fertilization.
External and cross-sectional view of an infarct caused by a myocardial infarction. External and cross-sectional view of an infarct caused by a myocardial infarction.
External intercostals External intercostals
Increasing Costs of Natural Disasters Increasing Costs of Natural Disasters
Competitive inhibitor Competitive inhibitor
Internal and external hip rotation Internal and external hip rotation
Video: Methods of carbon dioxide transport - carbaminohemoglobin and bicarbonate ions

For a complete list of videos, visit our video library