Exhibit 30-4 ​

question 130

Multiple Choice

Exhibit 30-4
​

-Refer to Exhibit 30-4. If a negative externality exists, then curve __________ represents the marginal social cost curve and the area __________ represents the market failure.

• A)1; ACB
• B)3; BCD
• C)2; BCD
• D)3; ACB
• E)2; ACB

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Definitions:

Slaveholders

Individuals or entities that owned slaves.

Owned

Often colloquially used to mean dominantly defeated or embarrassed, typically in a competitive situation or argument.

Fewer

A comparative term used to indicate a smaller number of items, people, or entities in one group or category compared to another.

Diets

Regulated eating plans or patterns of food consumption, often aimed at achieving a specific health goal.