If the Marginal Social Cost of Producing a good is higher than the marginal private cost -what has happened?

A Negative Externality. For example, in the production of Fuel, the private cost of producing the good (i.e £1) many not take into account the social cost of production (e.g pollution, climate change ect. )

AH
Answered by Aled H. Economics tutor

2601 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

What are the characteristics of a monopolistic market?


What is the best market structure?


Discuss the impact that Brexit may upon the UK economy (25 marks)


Why there is liquidity trap in the reality?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences