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:

Learning Style

An individual's preferred method of gathering, processing, interpreting, organizing, and thinking about information.

Overcome

Successfully dealing with or gaining control of a problem, obstacle, or difficulty.

Metacognitive Skills

The ability to be aware of, understand, and control one’s own learning and thinking processes.

Learning Disability

A situation that causes challenges in gaining knowledge and abilities at the standard anticipated for individuals of similar age, particularly when there's no physical disability involved.