A Chemical Factory Dumps Waste into a River

question 283

Multiple Choice

A chemical factory dumps waste into a river.The figure above shows the demand curve for the chemical (D) and the marginal private cost (MC) and marginal social cost (MSC) of producing it.
-In the figure,the unregulated market equilibrium occurs at a price of ________ a ton and quantity of ________ tons.

• A)$100;4,000
• B)$150;2,000
• C)$150;4,000
• D)$225;4,000
• E)$100;2,000

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Definitions:

Initiation

The act or process of beginning something, such as a project, activity, or phase in one's life.

Unwarranted Risk

Refers to taking actions or making decisions that involve unnecessary or avoidable danger or hazard.

Hazing

The practice of subjecting newcomers to abusive or humiliating tricks and ridicule, often as a form of initiation.

Cohesion-Performance Relationship

A concept in organizational and social psychology that explores how the cohesiveness of a group influences its overall performance.