In order to internalize the externality due to pollution, the government should impose a tax based on
A. the value of the pollution-causing business activity.
B. the physical amount of pollution.
C. the size of the firm causing the pollution.
D. the economic damage associated with the pollution.
Answer: D
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When firms negotiate price and market share among themselves in a way that is designed to limit competition, this practice is called
a. horizontal cartelization b. conspiracy to merge c. anticapitalism d. collusion e. illicit conglomeration
Refer to the accompanying graph. If this firm is a price taker, then when the price of each unit of output is $30, this firm's total revenue at its profit-maximizing level of output is ________.
A. $1,800 B. $3,000 C. $2,400 D. $900
Country A-2020 Transactions (billions of dollars)
In the above table, the merchandise trade balance for Country A is ________ billion dollars.
A. +100 B. +150 C. -100 D. -150
Refer to the information provided in Figure 9.3 below to answer the question(s) that follow. 
Figure 9.3Refer to Figure 9.3. This firm will ________ if price is between $7 and $13.
A. shut down in the short run, but operate in the long run B. continue to operate in the short run, but incur an economic loss C. shut down D. earn an economic profit