Why marginal social cost is greater than private cost, Microeconomics

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Why marginal social cost is greater than private cost

Problem

1. Give three reasons why the marginal social cost of driving is greater than the marginal private cost of driving.

2. There are many endangered species in the world, such as the white tiger and the sea otter. Why are these species endangered whereas cows and sheep are not?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why marginal social cost is greater than private cost

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