A steelmaking plant pollutes the air and water so ... O A. the marginal private cost of producing steel minus the marginal social cost equals the marginal external cost B. the marginal private cost of producing steel equals the marginal external cost plus the marginal social cost OC. the marginal social cost of producing steel exceeds the marginal private cost by the amount of the marginal external cost OD. the marginal social cost of producing steel is less than the marginal private cost by the amount of the marginal external cost

A steelmaking plant pollutes the air and water so ... O A. the marginal private cost of producing steel minus the marginal social cost equals the marginal external cost B. the marginal private cost of producing steel equals the marginal external cost plus the marginal social cost OC. the marginal social cost of producing steel exceeds the marginal private cost by the amount of the marginal external cost OD. the marginal social cost of producing steel is less than the marginal private cost by the amount of the marginal external cost

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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