If a Product Has Zero External Costs,then

question 293

Multiple Choice

If a product has zero external costs,then

• A) marginal social cost equals marginal private cost.
• B) marginal social cost is greater than marginal private cost.
• C) marginal social cost is less than marginal private cost.
• D) marginal social cost equals zero.
• E) We need more information to determine the relationship between marginal private cost and marginal social cost.

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Definitions:

Expressing Support

The act of showing encouragement or backing for someone's ideas, goals, or challenges through verbal or nonverbal communication.

Acute Care Settings

Healthcare environments designed for short-term treatment of severe injuries or illnesses, surgical recovery, or urgent medical conditions.

Relationship-Building Skills

The abilities and techniques used to create, maintain, and enhance positive relationships with others.

Acute Care Setting

A healthcare environment that provides short-term treatment for severe injuries or illnesses, typically in a hospital.