-In the Above Figure, If No Government Intervention Occurs, at the Unregulated

question 204

Multiple Choice

-In the above figure, if no government intervention occurs, at the unregulated competitive market equilibrium, there is an

• A) external marginal benefit of $2.
• B) external marginal cost of $2.
• C) external marginal benefit of $1.
• D) external marginal cost of $3.

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Definitions:

Anticline

A fold, generally concave downward, with the oldest rocks in the center.

Syncline

A fold, generally concave upward, with the youngest rocks in the center.

Cleavage

A property of minerals that describes their tendency to break along flat surfaces based on their crystalline structure.

Strike-Slip Fault

A type of fault where rocks on either side move horizontally past one another, typically a result of shear stress.