When Farmers Raise Pigs, There Are a Number of External

question 74

Multiple Choice

When farmers raise pigs, there are a number of external costs.In particular, raising pigs generates methane gas.If the marginal external cost is $100 per pig and the government imposes a tax of $200 per pig, then at the equilibrium price and quantity of pigs:

• A)too few pigs will be raised.
• B)the price will be less than the marginal social cost.
• C)the price will be less than the marginal social benefit.
• D)the price will be less than the marginal cost to pig farmers.

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Definitions:

Criminal Justice

A system of practices and institutions used by national and local governments aimed at maintaining social control, deterring and mitigating crime, and sanctioning those who violate laws with criminal penalties and rehabilitation efforts.

Policy Decisions

Determinations made by those in authority within organizations or governments regarding guidelines, programs, or practices.

Black Lives Matter

A social movement advocating for the rights and equality of Black individuals, particularly in opposition to incidents of police brutality and racial injustice.

Racial Dynamics

Describes the interactions and relationships between different racial groups within a society, including power structures and social norms.