(Table: Coal Mine Pollution) the Table Coal Mine Pollution Shows

question 213

Multiple Choice

(Table: Coal Mine Pollution) The table Coal Mine Pollution shows the marginal social benefit and the marginal social cost of various amounts of pollution from a coal mine.If 2 tons of pollution is produced, the outcome is ________ because _.

• A)efficient; MSB = MSC
• B)efficient; MSB > MSC
• C)inefficient; MSB > MSC
• D)inefficient; MSB < MSC

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Definitions:

Continuing Operations

Part of a company's business that is expected to continue operating into the foreseeable future, excluding any discontinued operations.

Unusual Items

Nonrecurring or unique charges or gains that are not expected to happen regularly, such as costs from lawsuits, restructuring, or natural disasters, that are reported separately in a company's financial statements.

Accounting Principles

Principles that provide the framework upon which accounting standards are constructed.

Common-Sized Financial Statements

Financial statements that present all line items as a percentage of a common base figure, facilitating comparison across periods or companies.