If the production of a good yields a negative externality, the social-cost curve lies _________ the supply

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If the production of a good yields a negative externality, the social-cost curve lies _________ the supply curve, and the socially optimal quantity is _________ than the equilibrium quantity.

a. above; greater

b. above; less

c. below; greater

d. below; less

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Principles Of Microeconomics

ISBN: 9780357133484

9th Edition

Authors: N Gregory Mankiw

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Question Posted: Jan 27, 2024 11:01 PM

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If the production of a good yields a negative externality, the social-cost curve lies _________ the supply

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Principles Of Microeconomics

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