The Table Below Shows the Payoff (Profit) Matrix of Firm

question 32

Multiple Choice

The table below shows the payoff (profit) matrix of Firm A and Firm B indicating the profit outcome that corresponds to each firm's pricing strategy (where $500 and $200 are the pricing strategies of two firms) .Table 12.2

-When negative externalities exist in production, _____.

• A)the social supply curve lies to the left of the private supply curve
• B)the social supply curve lies to the right of the private supply curve
• C)the social supply curve is identical to the private supply curve
• D)the private demand curve lies to the right of the social demand curve
• E)the private demand curve lies to the left of the social demand curve

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