Which of the Following Is True

question 139

Multiple Choice

Which of the following is true?
I.In an unregulated market with an external benefit,consumers don't take it into account and consume less than the efficient quantity.
Ii.Marginal social cost equals marginal private cost minus marginal external cost.
Iii.An unregulated market produces more than the efficient quantity of a good with an external cost.

• A)Only i
• B)Only ii
• C)Only iii
• D)i and ii
• E)i and iii

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Definitions:

Locomotion

The ability or act of moving from place to place, a fundamental biological activity allowing organisms to interact with their environment.

Cephalopods

A class of mollusks that includes octopuses, squids, and cuttlefish, known for their advanced nervous systems and ability to change color.

Torsion

The twisting of the visceral mass characteristic of gastropod mollusks.

Radula

A rasplike structure in the digestive tract of chitons, snails, squids, and certain other mollusks.