If the Social Cost Is Greater Than the Private Cost

question 61

Multiple Choice

If the social cost is greater than the private cost in a particular market,the private equilibrium will be at a quantity:

• A)greater than the socially optimal level.
• B)equal to the socially optimal level.
• C)less than the socially optimal level.
• D)greater than or less than the socially optimum level,depending on the size of the external costs.

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Definitions:

Molecule Shape

The geometric arrangement of atoms within a molecule, determining its chemical reactivity and physical properties.

Electronegativity Difference

The measure of the ability of an atom in a molecule to draw bonding electrons to itself compared to another atom in the molecule, determining the polarity of the bond.

Polar Covalent

A type of chemical bond where a pair of electrons is unequally shared between two atoms, leading to a distribution of electric charge across the molecule.

Nonpolar Molecules

Molecules that have an even distribution of electrons, resulting in no permanent dipole moments, and typically exhibit little to no interaction with polar substances.