(Solved): . Refer to Figure 10-1. The social cost curve is above the supply curve because a. it takes into ac ...

. Refer to Figure 10-1. The social cost curve is above the supply curve because a. it takes into account the effect no smoking policies at local restaurants. b. it takes into account the external costs imposed on society by tobacco consumption. c. tobacco costs more to consumers than it does for firms to make it. d. people who stand next to smokers can inhale second-hand smoke for free