When production generates a negative externality, the true cost of production is the ________ cost of production
A) private
B) external
C) social
D) average
C
Economics
You might also like to view...
If income is equally distributed, the Gini ratio is zero
Indicate whether the statement is true or false
Economics
Excess burden calculations typically assume many other distortions.
A. True B. False C. Uncertain
Economics
A firm in monopolistic competition needs ________ market share to qualify as a firm in monopolistic competition
a. no less than 50 percent b. no less than 10 percent c. no more than 5 percent d. no more than 1 percent e. there is no specific percentage
Economics
The region with the highest percentage of people who live on less than $1.90 a day is:
A. China. B. sub-Saharan Africa. C. South Asia. D. None of these is true.
Economics