For a Good with an External Cost, the Supply Curve

question 95

Multiple Choice

For a good with an external cost, the supply curve

• A) is the same as the marginal social cost curve.
• B) is the same as the marginal private cost curve.
• C) represents the various quantities people can buy.
• D) is the same as the marginal external cost curve.

---

Definitions:

Elema People

Ethnolinguistic group primarily found in Papua New Guinea, known for their complex cultural practices, art, and engagement with the environment.

Maori Men

Refers to the male members of the Indigenous Polynesian people of New Zealand, known for their rich cultural heritage.

Stitched Lattice Panels

Panels made by weaving or joining strips of material together in a crisscross pattern, sometimes secured by stitching.

Freestanding Wooden Figures

Sculptural artworks made of wood that are designed to stand on their own, without any support structure.