If the Marginal Private Cost of Running a Car Is

question 102

Multiple Choice

If the marginal private cost of running a car is $0.30 a kilometre and the marginal external cost is $0.10, what is the marginal social cost?

• A) $0.40
• B) $0.20
• C) $3.00
• D) $0.03
• E) None of the above answers is correct.

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Definitions:

Trademark Infringement

An unauthorized use of a trademark or service mark on competing or related goods and services, leading to a likelihood of confusion.

Injunction

An order issued by a court that compels a person or entity to either take a certain action or stop doing something.

Damages

Monetary compensation awarded by a court to a person who suffers loss or harm due to another's act or omission.

Secondary Meaning

occurs when a descriptive term or phrase used in connection with a product or service becomes closely associated with that product or service in the minds of consumers.