Figure 4-18 Suppose There Are Several Paper Mills Producing Paper

question 72

Multiple Choice

Figure 4-18
Suppose there are several paper mills producing paper for a market. These mills, located upstream from a fishing village, discharge a large amount of wastewater into the river. The waste material affects the number of fish in the river and the use of the river for recreation and as a public water supply source. Figure 4-18 shows the paper market. Use this Figure to answer the following question(s) .
-Refer to Figure 4-18.What does S₁ represent?

• A) the market supply curve that reflects social cost
• B) the market supply curve that reflects only external cost
• C) the market supply curve that reflects only private benefit
• D) the market supply curve that reflects private cost

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Age Discrimination

Unfair treatment of employees or job applicants based on their age, rather than their skills or qualifications.

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