Suppose That Smoking Creates a Negative Externality

question 409

Multiple Choice

Suppose that smoking creates a negative externality. If the government does not interfere in the cigarette market, then

• A)the equilibrium quantity of cigarettes smoked will equal the socially optimal quantity of cigarettes smoked.
• B)the equilibrium quantity of cigarettes smoked will be greater than the socially optimal quantity of cigarettes smoked.
• C)the equilibrium quantity of cigarettes smoked will be less than the socially optimal quantity of cigarettes smoked.
• D)There is not enough information to answer the question.

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Definitions:

Genitalia

The external and internal organs of the reproductive system in both males and females.

Granulation

The formation of new, fibrous tissue during the healing process of a wound.

Debridement

A medical procedure that involves the removal of dead, damaged, or infected tissue to promote healing of the remaining healthy tissue.

Healing

The process of recovery and repair of body tissues following injury or illness, restoring health and function.