If the Market Supply Curve Does Not Capture All of the Costs

question 82

Multiple Choice

If the market supply curve does not capture all of the costs to society of producing an additional unit of good, then:

• A)the market equilibrium will be socially optimal.
• B)the market equilibrium will not be efficient.
• C)the allocation of resources will be efficient.
• D)the market will not be in equilibrium.

---

Definitions:

Measure of Variability

A statistical indicator that describes the degree to which scores in a dataset are spread out or dispersed.

Inclusive Range

A measure of variability calculated by subtracting the lowest score in a distribution from the highest score in the distribution and adding 1.

Variables

Elements, features, or factors that can change or vary in an experiment or study, potentially influencing the outcome.

Types of Variables

Categories of variables in research, including independent, dependent, and control variables, among others.