In the Presence of No Externalities

question 27

Multiple Choice

In the presence of no externalities,

• A) social marginal cost exceeds private marginal cost.
• B) social marginal cost is less than private marginal cost.
• C) social marginal cost equals private marginal cost.
• D) social marginal cost and private marginal cost cannot be compared.

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Definitions:

Main Strength

The primary or most significant advantage or positive characteristic of something.

Imagination at Work

A slogan or ethos that emphasizes creativity and innovation within a work environment.

Unique

Being the only one of its kind; unlike anything else.