-The Above Figure Shows the Marginal Private Cost Curve, Marginal

question 230

Multiple Choice

-The above figure shows the marginal private cost curve, marginal social cost curve, and marginal social benefit curve for raising goats on a common pasture. If property rights to the pasture are granted to a farmer so that the farmer owns the pasture, the farmer raises

• A) 0 goats.
• B) 40 goats.
• C) 50 goats.
• D) 55 goats.