If a Firm That Pollutes Wants to Maximize Profits,it Will

question 55

Multiple Choice

If a firm that pollutes wants to maximize profits,it will produce where

• A)The social value of production equals the social cost of production.
• B)Private and social costs are equal.
• C)Marginal revenue and private marginal cost are equal.
• D)Social benefits exceed social costs.

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Definitions:

Oxidation of Ethanol

The chemical reaction in which ethanol loses electrons or is combined with oxygen, typically forming acetic acid as a product.

Zero-Order Reaction

A chemical reaction whose rate does not depend on the concentration of the reactant(s).

Alcohol Dehydrogenase

An enzyme that facilitates the conversion of alcohols to aldehydes or ketones through the process of oxidation, playing a key role in metabolism.

Catalyzes

Increases the rate of a chemical reaction without undergoing any permanent chemical change, typically referencing the action of enzymes.