Which of the Following Statements Is Not True in the Presence

question 5

Multiple Choice

Which of the following statements is not true in the presence of externalities?

• A)Social marginal cost equals the sum of internal and external marginal costs.
• B)A competitive industry generally produces more than a monopoly.
• C)A competitive industry always produces more than the socially efficient level of output.
• D)A monopoly always produces more than the socially efficient level of output.

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Definitions:

U.S. Region

Any area within the United States characterized by geographic, cultural, or economic similarities, often used in analyses of demographic or sociopolitical trends.

Childrearing

The process of bringing up and nurturing children, including aspects of education, discipline, and provision of emotional support.

Racial Group

A category of people who share common inherited physical or biological traits, socially defined by society, and can influence individuals' identities and experiences.

Interracial Relationships

Relationships between individuals of different racial backgrounds, often highlighting social, cultural, and legal dynamics.