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

question 30

Multiple Choice

-The above figure shows the marginal private cost curve, marginal social cost curve and marginal social benefit curve for blue fin tuna, a common resource. The efficient outcome is

• A) 300 tonnes per week.
• B) zero tonnes per week.
• C) 400 tonnes per week.
• D) None of the above answers is correct.

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Definitions:

Stock Options

Financial derivatives that confer the right, but not the obligation, to buy or sell shares of stock at a specified price within a certain time frame.

Common Stock

Holding shares in a company, granting the holder voting privileges on company issues and entitlement to dividends.

Cash Received

The total amount of money, either in cash or equivalents, that an entity receives during a specified period, from various sources including sales, financing, and investments.