Use the Figure Below to Answer the Following Questions

question 24

Multiple Choice

Use the figure below to answer the following questions. Figure 16.3.1
-Figure 16.3.1 shows the marginal private cost cure,marginal social cost curve,and marginal social benefit curve for cod,a common resource.To achieve an efficient quantity,the price of an ITQ is set at

• A)$3 a kilogram.
• B)$6 a kilogram.
• C)$4 a kilogram.
• D)$5 a kilogram.
• E)$1 a kilogram.

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Definitions:

Retailer

A business that sells goods directly to consumers, typically operating out of physical stores or online platforms.

Note Receivable

An asset account on a company's balance sheet representing a promise by a debtor to pay a certain amount of money to the company in the future.

Written Promise

A formal pledge, often in the form of a document, affirming that one party agrees to perform or refrain from a specific action.

Short-term Receivables

Financial claims to cash due from customers or clients within one year, typically arising from the sale of goods or services on credit.