The Desirable Level of Output in a Perfectly Competitive Market

question 96

Multiple Choice

The desirable level of output in a perfectly competitive market if there exists a detrimental externality is

• A) the point at which MSC curve intersects the marginal revenue curve.
• B) the point at which MSC intersects the MPC.
• C) the point at which MSC intersects MPC.
• D) the point at which marginal revenue curve intersects the MPC.

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Definitions:

Innovation Process

A series of steps that include the generation, development, and implementation of new ideas or technologies.

Societal Problem

A challenge or issue that affects a significant number of people within a society, requiring collective action for resolution.

Innovation Process

A systematic series of steps that includes the generation, development, and implementation of new ideas or products.

Idea Generation

The method of inventing, formulating, and sharing novel ideas or answers.