In the Absence of Property Rights, Factories Will Dump Waste

question 126

Multiple Choice

In the absence of property rights, factories will dump waste into a waterway up to the point where ________ equals ________.

• A) marginal social cost; marginal social benefit
• B) marginal social cost; marginal private cost
• C) marginal private cost; marginal private benefit
• D) marginal private cost; marginal social cost

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