If a Good Has Zero External Costs, Then

question 145

Multiple Choice

If a good has zero external costs, then

• A) marginal social cost equal marginal private cost.
• B) marginal social cost is greater than marginal private cost.
• C) marginal social cost is less than marginal private cost.
• D) we need more information to determine the relationship between private and social costs.

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Definitions:

Identifying Opportunities

The process of recognizing and analyzing potential avenues for growth, innovation, or competitive advantage in a market.

Common Form

A standard format or structure used across different contexts to ensure uniformity and ease of understanding.

Idea Generation

The creative process of generating innovative ideas or solutions through brainstorming, research, and exploring various possibilities.

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The ability to produce original and valuable ideas or solutions, utilizing imagination and innovative thinking.