As a Result of Pollution

question 74

Multiple Choice

As a result of pollution:

• A) marginal social cost exceeds marginal cost.
• B) marginal cost exceeds marginal social cost.
• C) marginal external cost exceeds marginal social cost.
• D) marginal social cost exceeds marginal external cost.

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Definitions:

Natural Persons

Individuals in their capacity as humans in law, as opposed to legal entities like corporations.

Holder in Due Course

A term referring to a person who has acquired a negotiable instrument in good faith and for value, and thus has certain protections against defenses and claims that could be asserted against the original party.

Personal Defense

Measures or actions taken by an individual to protect themselves against harm or danger.

Negotiable Instrument

An official note promising the payment of a designated amount of money, either immediately upon asking or at a fixed time, with the individual who is to pay mentioned in the note.