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Yuki888 [10]
3 years ago
9

The dry cleaning business can be characterized as a perfectly competitive industry because the costs of entry are low and there

are many dry cleaning shops. Dry cleaners, however, use a toxic solvent called perchloroethylene, which can contaminate soil and threaten water supplies.
1. If the disposal of this pollutant is unregulated, then which of the following statements about the dry cleaning market are correct?
A.There will be too much dry cleaning at a price greater than the true cost.
B. There will be an efficient quantity of dry cleaning at a price that reflects the true cost.
C. There will be too little dry cleaning at a price less than the true cost.
D. There will be too much dry cleaning at a price less than the true cost. BackNext

Business
1 answer:
algol133 years ago
8 0

Answer:

The correct answer is option (d)

Explanation:

From the given question which is described as follows:if the disposal of this pollutant is unregulated, then which of the following statements about the dry cleaning market are correct

The following statements are true if the negative externality or external has not been considered which would mean there is an overproduction at a price less or lesser than the true cost. This is to say that, the marginal social cost is greater than marginal private costs

Note: Kindly find  an attached diagram that is apart of a solution to this question

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C

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c. $10,000.

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Therefore in this scenario the money paid for the house ($250,000) is not considered to be part of GDP since the original value of $90,000 would have been recorded as GDP 10 years ago.

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2 years ago
What is the impact of inflation on business cycles?​
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2 years ago
Read 2 more answers
Page 529 16.3. what is supply-side fiscal policy? identify each policy action as being focused on the demand side, the supply si
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Answer:

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<em>It is explained better in the explanation box below.</em>

Explanation:

<em>Solution to the question</em>

<em> </em><em>Categories</em><em>          </em><em>Demand side</em><em>      </em><em> Supply side </em><em>            </em><em>Both</em>

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6 0
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