Suppose That Meat Producers Create a Negative Externality

question 371

Multiple Choice

Suppose that meat producers create a negative externality.What is the relationship between the equilibrium quantity and the socially optimal quantity of meat to be produced?

• A) They are equal.
• B) The equilibrium quantity is greater than the socially optimal quantity.
• C) The equilibrium quantity is less than the socially optimal quantity.
• D) There is not enough information to answer the question.

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Definitions:

Excavates

Flagellated unicellular protists, many of which have a deep (excavated) oral groove; include diplomonds, parabasilids, and euglenoids.

Golden Algae

A type of algae, typically found in freshwater and saltwater environments, known for its unique golden-brown color due to the pigment fucoxanthin.

Biflagellate

Organisms, often cells of algae or protozoa, that possess two flagella used for movement.

Stramenopiles

Protists that have motile cells with two flagella, one of which has tiny hairlike projections off the shaft; include water molds, diatoms, golden algae, and brown algae. See chromalveolates; compare with alveolates.