Refer to the Graph Below

question 109

Multiple Choice

Refer to the graph below.Assume that curve II represents marginal private cost and curve IV represents marginal private benefit. If there are no externalities,the competitive equilibrium price will be __________ per unit and the competitive equilibrium quantity will be ________ units.

• A) $6.80;400
• B) $6;600
• C) $5.10;300
• D) $4;400
• E) $4;600

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Matter-Of-Factly

A manner of speaking or writing that is straightforward and devoid of emotion or opinion.

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The process of physical and emotional changes that occur as a person becomes sexually mature, including puberty and the development of sexual orientation and identity.

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A controversial German jazz musician, writer, and sexologist known for his work in sexual behavior research.

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