Figure: The Quantity of Pollution (Figure: The Quantity of Pollution) Look at the table The Quantity of Pollution.When this economy produces 50 tons of emissions, it:
A)is producing below its socially optimal level of production.
B)finds that the marginal social cost is greater than the marginal social benefit.
C)is not recognizing the marginal private benefits or costs.
D)is producing at its socially optimal level of production.

Question

Figure: The Quantity of Pollution   (Figure: The Quantity of Pollution) Look at the table The Quantity of Pollution.When this economy produces 50 tons of emissions, it:
A)is producing below its socially optimal level of production. 
B)finds that the marginal social cost is greater than the marginal social benefit. 
C)is not recognizing the marginal private benefits or costs. 
D)is producing at its socially optimal level of production.

Quizplus · Accepted Answer

The Answer of Figure: The Quantity of Pollution   (Figure: The Quantity of Pollution) Look at the table The Quantity of Pollution.When this economy produces 50 tons of emissions, it:
A)is producing below its socially optimal level of production. 
B)finds that the marginal social cost is greater than the marginal social benefit. 
C)is not recognizing the marginal private benefits or costs. 
D)is producing at its socially optimal level of production.

Figure: the Quantity of Pollution (Figure: the Quantity