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3. If pollution by one firm results in higher production costs for another firm, this would be classified as a:

a. negative production externality.

b. marginal private cost of production.

c. positive production externality

d. free good

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Defining Negative Externality
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Raushan Raj
Raushan RajLv8
28 Oct 2020

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Related questions

9. In the case of pollution(a negative externality), at the market output, 

a. social benefits of consumers exceed the social costs of production.

b. private costs of production exceed the private benefits to consumers.

c. private costs of production exceed the social benefits to consumers.

d. social costs of production exceed social benefits to consumers.

20 In the process of producing electricity many electrical generating firms burn coal. Burning this fuel creates air pollution that causes livestock and people to have health problems. If this air pollution is not accounted for by these firms operating in a competitive industry then we would say that this industry is producing a a nd the unregulated market quantity is _than the socially efficient quantity. A. positive externality: higher than B. negative externality: lower than C. positive externality, lower than D. negative externality; higher than E. negative externality; equal to

5. In the case of a negative externality, the social cost of production will

a. exceed the private cost of production.

b. be equal to the private cost of production.

c. fall short of private cost of production.

d. bear no significant relation to the private cost of production.

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