If a Good Is Produced by Firms That Generate External

question 18

Multiple Choice

If a good is produced by firms that generate external costs, the price consumers pay

• A) will be efficient as long as it equals the marginal costs of the firms.
• B) will be too low.
• C) will be too high because the consumers end up paying the costs instead of the firm.
• D) will be the correct price, but the quantity sold of the good will be too large.

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Definitions:

Format Cells Dialog Box Launcher

A tool in spreadsheet software that opens a dialog box for adjusting the presentation of cell contents, including their format, style, and appearance.

Format Cells

A feature in spreadsheet software that allows users to change the appearance and properties of cells, such as borders, colors, and number formats.

Function

A built-in operation in programming and spreadsheet software designed to perform specific calculations or processing tasks.

Worksheet

A single sheet within a spreadsheet application where data can be stored, organized, and manipulated.