Figure: Negative Externalities and Raising Pigs for Pork

question 7

Multiple Choice

Figure: Negative Externalities and Raising Pigs for Pork (Figure: Negative Externalities and Raising Pigs for Pork) Refer to the figure Negative Externalities and Raising Pigs for Pork.If the marginal external cost of raising a pig for pork is $400, then the socially optimal quantity of pigs to raise is and
The socially optimal price is _.

• A)150; $900
• B)200; $800
• C)250; $700
• D)300; $1,200

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Definitions:

Bourbons

is a European royal house of French origin, which ruled in France (both monarchy and restored monarchy), Spain, Naples, and Sicily at various times.

Napoleon

Napoleon Bonaparte, a French military leader and emperor in the late 18th and early 19th centuries, known for his significant impact on European politics and military strategies.

German Unification

The process that led to the consolidation of the German states into a single nation state, culminating in 1871.

Liberal Nationalists

Advocates for national self-determination and freedoms based on liberal principles, often challenging imperial or colonial rule.