The Absence of the External Costs of Carbon Emissions in the Price

question 67

Multiple Choice

The absence of the external costs of carbon emissions in the price of electricity means that:

• A) firms produce electricity accounting for the global warming.
• B) firms produce electricity equal to what is socially desirable.
• C) firms produce more electricity than is socially desirable.
• D) firms produce less electricity than is socially desirable.