Use the Following to Answer Questions

question 147

Multiple Choice

Use the following to answer questions :
Figure: Pollution and Efficiency
-(Figure: Pollution and Efficiency) Use Figure: Pollution and Efficiency.In this market,in which sulphur emissions are a result of production,if _____ units of emissions are produced,then _____.

• A) 40;MSB = MSC
• B) 30;MSB < MSC
• C) 40;MSB < MSC
• D) 30;MSC < MSB

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Definitions:

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than the cost at which any other entity can produce it.

Opportunity Costs

The loss of potential gain from other alternatives when one particular option is chosen over others.

Predatory Dumping

A practice where a company exports a product at a price significantly lower than its normal value, with the intention to drive out competition in the import country.

Sporadic Dumping

Occurs when a company exports a product at a price significantly lower than the price in its domestic market, but does so irregularly or occasionally.