Economics · Environmental Economics
If the social cost of extracting coal is greater than the private cost, then:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1social cost is less than private cost.
- 2more coal should be extracted.
- 3a positive externality exists.
- 4a negative externality exists.✓
Correct answer
a negative externality exists.
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