When There Is a Negative Externality, the Marginal Private Cost

question 222

Multiple Choice

When there is a negative externality, the marginal private cost of production ________ the marginal social cost of production.

• A)is greater than
• B)is equal to
• C)eliminates
• D)is less than

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Definitions:

ULPA

An acronym for "Uniform Limited Partnership Act," which is a statute that sets forth the legal rules and regulations governing limited partnerships in various jurisdictions.

Expel

Expelling refers to the action of forcing someone or something out of a place or situation.

Limited Partnership

A business structure where some partners have limited liability and limited involvement in the management of the company.

Personal Property

Any movable property that is not attached to or associated with the land. This includes physical objects such as furniture and vehicles, as well as intangible rights.