Refer to the Accompanying Figure to Answer the Questions That

question 54

Multiple Choice

Refer to the accompanying figure to answer the questions that follow.

-Refer to the accompanying table,where Q represents the quantity produced,internal cost and external cost are given for various quantities,and P represents the price consumers are willing to pay for various quantities. The market equilibrium occurs where price is __________ and quantity is __________.

• A)$4; 2
• B)$8; 4
• C)$10; 3
• D)$10; 5
• E)$12; 6

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