NCEA Level 3 Economics Practice Questions - NCEA Level 3 Economics (NZQA) Exam

When a negative externality of production exists, how does Marginal Social Cost (MSC) compare to Marginal Private Cost (MPC)?

MSC is greater than MPC MSC is less than MPC MSC is equal to MPC MSC is equal to Marginal Private Benefit

MSC is greater than MPC

Access more questions from this quiz

Continue to NCEA Level 3 Economics Practice Questions - NCEA Level 3 Economics (NZQA) Exam for more practice questions and the full quiz experience.