Refer to the Below Supply and Demand Graph

question 50

Multiple Choice

Refer to the below supply and demand graph.Point A represents the current equilibrium level of output of this product and point B represents the optimal level of output from society's perspective.This supply and demand graph indicates that there is (are) :

• A)positive externalities to the production of this product.
• B)negative externalities to the production of this product.
• C)an overallocation of resources to the production of this product.
• D)a negative externality from the production of this product.

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Definitions:

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