-The Above Figure Shows the Marginal Private Cost Curve, Marginal

question 30

Multiple Choice

-The above figure shows the marginal private cost curve, marginal social cost curve and marginal social benefit curve for blue fin tuna, a common resource. The efficient outcome is

• A) 300 tonnes per week.
• B) zero tonnes per week.
• C) 400 tonnes per week.
• D) None of the above answers is correct.

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Definitions:

Defamation

The act of making false statements about someone that harm their reputation.

Privilege

In tort law, the ability to act contrary to another person’s right without that person’s having legal redress for such acts. Privilege may be raised as a defense to defamation.

Negative Review

A critical evaluation or comment, typically public, expressing dissatisfaction with a product or service.

Slander Of Quality

The publication of false information about another’s product, alleging that it is not what its seller claims; also called trade libel.