12. The relationship between marginal private cost (MC), marginal external cost, and marginal social cost (MSC) is
a. MC = MSC + marginal external cost.
b. marginal external cost = MC + MSC.
c. MSC = MC + marginal external cost.
d. None of the above answers is correct.

Question

12. The relationship between marginal private cost (MC), marginal external cost, and marginal social cost (MSC) is
a. MC = MSC + marginal external cost.
b. marginal external cost = MC + MSC.
c. MSC = MC + marginal external cost.
d. None of the above answers is correct.

12. The relationship between marginal private cost (MC), marginal external cost, and marginal social cost (MSC) is

a. MC = MSC + marginal external cost.

b. marginal external cost = MC + MSC.

c. MSC = MC + marginal external cost.

d. None of the above answers is correct.

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12. The relationship between marginal private cost (MC), marginal external cost, and marginal social cost (MSC) is a. MC = MSC + marginal external cost. b. marginal external cost = MC + MSC. c. MSC = MC + marginal external cost. d. None of the above answers is correct.