If the Production of a Good Generates a Detrimental Externality

question 127

Multiple Choice

If the production of a good generates a detrimental externality, then at that level of production of the good under perfect competition,

• A)MSC > P.
• B)MPC > MSC.
• C)P > MU.
• D)MPC > P.

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Definitions:

Public Concern

Issues that affect the general population or specific groups within society, often drawing widespread attention and requiring government action.

Data Security

The practice of protecting digital information from unauthorized access, corruption, or theft throughout its lifecycle.

News Coverage

News Coverage is the reporting, commentary, and analysis of current events by the media, helping to inform the public about societal happenings.

Widespread Availability

Widespread availability denotes the extensive and readily accessible presence of resources, products, or services to a broad audience or geographical area.