Figure: Efficiency and Pollution (Figure: Efficiency and Pollution) Look

question 5

Multiple Choice

Figure: Efficiency and Pollution (Figure: Efficiency and Pollution) Look at the figure Efficiency and Pollution.If this market produced tons of
Pollution, then _.

• A)30; it would be efficient
• B)45; marginal social cost would be less than marginal social benefit
• C)20; marginal social benefit would be less than marginal social cost
• D)20; the marginal social benefit would be $7.

Understand the concept of due diligence and its relevance in securities law defenses.

Understand the concept of mark-up on cost and selling price.

Calculate the rate of mark-up on cost and on selling price.

Understand and calculate the impact of markdowns on profitability.