Use the Figure Below to Answer the Following Questions

question 83

Multiple Choice

Use the figure below to answer the following questions.

Figure 17.3.2
-Figure 17.3.2 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)35 goats.
• C)50 goats.
• D)55 goats.
• E)40 goats.

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Definitions:

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