There Are External Benefits Associated with the Production of Batteries

question 183

Multiple Choice

There are external benefits associated with the production of batteries.Without government regulation, the market will:

• A)produce too many batteries.
• B)price batteries at less than the marginal social cost.
• C)price batteries at less than the marginal social benefit.
• D)price batteries at greater than the marginal cost.

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Definitions:

Right to Safety

The principle that individuals should be protected against products, production processes, and services that are hazardous to health or life.