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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Definitions:

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