Use the figure below to answer the following questions. 
Figure 15.2.1
-Refer to Figure 15.2.1.The figure shows the marginal private cost curve,the marginal social cost curve and the market demand curve of a mining firm.If the market is unregulated,then the quantity produced is
Definitions:
Positive Statement
An objective statement that can be tested or validated and is based on factual information.
Efficient Market
A financial market theory suggesting that asset prices fully reflect all available information, making it impossible to consistently achieve higher returns than the average market return.
Cogito Ergo Sum
A philosophical statement by René Descartes, which translates to "I think, therefore I am," used to demonstrate the existence of the self and consciousness.
Carpe Diem
A Latin aphorism usually translated as "seize the day," encouraging individuals to make the most of the present moment without concern for the future.
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