If the Marginal Benefit Received from Pollution Is Greater Than

question 223

Multiple Choice

If the marginal benefit received from pollution is greater than its marginal cost in a market, then:

• A)society's well-being can be improved if the quantity of pollution decreases.
• B)firms in the market produce the socially optimal level of pollution.
• C)firms in the market produce too much pollution.
• D)firms in the market produce too little pollution.

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Definitions:

Extraversion

A personality trait characterized by sociability, talkativeness, assertiveness, and high amounts of emotional expressiveness.

Agreeableness

A personality trait that reflects the extent of individuals' warmth, friendliness, and cooperation with others.

Physical Attractiveness

The aesthetic appeal of an individual's physical appearance to others.

Personality Characteristics

Traits and qualities that define an individual's patterns of thought, feeling, and behavior.