For a Product with an External Cost,the Supply Curve

question 300

Multiple Choice

For a product with an external cost,the supply curve

• A) represents the various quantities people can buy.
• B) is the same as the marginal private cost curve.
• C) is the same as the marginal social cost curve.
• D) is the same as the marginal external cost curve.
• E) is undefined.

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Definitions:

Pays

Relates to the act of settling a debt or fulfilling an obligation, particularly in the context of rendering payment for services or goods received.

Installment

Regular payments made over a period of time until the total debt is paid.

Substantially Impair

To significantly weaken or reduce the ability, value, or function of something.

Reject

To refuse to accept, submit to, believe, or make use of something.