When There Is a Negative Externality, the Marginal Private Cost

question 222

Multiple Choice

When there is a negative externality, the marginal private cost of production ________ the marginal social cost of production.

• A)is greater than
• B)is equal to
• C)eliminates
• D)is less than

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Definitions:

Discrete Random

Refers to a type of random variable that can take on a countable number of distinct values, such as whole numbers, but not fractions.

Number Of Customers

The total count of individuals or entities that purchase or use a company's products or services.

Gender Of Customers

A demographic variable referring to the classification of customers based on their gender identity, often used in market research for segmentation and analysis.

Default

A failure to fulfill an obligation, especially failure to meet a financial obligation like a loan repayment.