In Figure 28

question 8

Multiple Choice

In Figure 28.1, if the rate of output is 320 units,

• A) Social costs exceed private costs.
• B) There is government failure.
• C) Pollution costs are internalized.
• D) Output is less than the socially optimal level.

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Definitions:

Metamorphic Rocks

Rocks that have been transformed from pre-existing rock types through heat, pressure, and/or chemically active fluids.

Granite

A hard, granular, intrusive igneous rock composed mainly of quartz, mica, and feldspar.

Isotopes

Variants of chemical elements that have the same number of protons but different numbers of neutrons in their nuclei, affecting their atomic mass but not their chemical properties.

Conglomerate

A coarse-grained sedimentary rock composed of rounded fragments or clasts of pre-existing rocks cemented together.