Competition in the Presence of Negative Externality Will Result in the Following

Competition in the presence of negative externality will result in the following outcome:

A) the market price will be lower and output will be lower than socially desirable.
B) the market price will be lower and output will be higher than socially desirable.
C) the market price will be higher and output will be lower than socially desirable.
D) the market price output will be the same as socially desirable.

Correct Answer:

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