Oftentimes, the socially optimal quantity for a product that imposes external costs on the society is not zero, but something greater than zero. This is because completely eliminating the externality would involve:A. a much greater marginal benefit than marginal cost. B. a much greater marginal cost than marginal benefit. C. having shortages in the market. D. having surpluses in the market.
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Home » Business » Oftentimes, the socially optimal quantity for a product that imposes external costs on the society is not zero, but something greater than zero. This is because completely eliminating the externality would involve:A.