The diagram below shows the supply and demand diagrams for the competitive market for honey in one region.MC0 represents private marginal cost and MB0 represents private marginal benefit. 
FIGURE 16-3
-Refer to Figure 16-3.Assume there are two types of firms in this region - beekeepers that produce honey and orchard keepers that produce peaches.The bees provide a benefit to the orchard keepers by pollinating their peach trees.If the external marginal benefit is $4 per unit of honey,then what is the allocatively efficient output?
Definitions:
Mislaid
Property that is placed somewhere intentionally and then forgotten by the owner, distinguishing it from lost or stolen property.
Lost
A state or condition in which something is unable to be found or has gone missing.
Discarded
Thrown away or disposed of as no longer useful or required after consideration.
Abandoned Property
Property that has been discarded by the owner, who has no intention to retain title or possession.
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