If the Magnitude of the External Costs in an Industry

question 23

Multiple Choice

If the magnitude of the external costs in an industry increased

• A)​The supply curve including external costs would increase
• B)​The efficient price would increase
• C)​The market price would increase
• D)​Both a and b are true

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Definitions:

Sleep Deprivation

The condition of not having enough sleep, which can affect mental, physical, and emotional functioning.

Immune System

The body's defense system against infectious agents, comprising various cells, tissues, and organs that work together to protect the body.

Metabolic Functioning

The complex set of chemical reactions that occur within living organisms to maintain life, including processes for converting food to energy and constructing cellular materials.

Impaired Creativity

Describes a reduction in the ability to generate original ideas, think imaginatively, or solve problems in novel ways.