Figure: Model of a Competitive Market

question 198

Multiple Choice

Figure: Model of a Competitive Market
(Figure: Model of a Competitive Market) Given the figure Model of a Competitive Market, if there are no external benefits or costs, the output at Q will be:

• A)larger than is socially desirable.
• B)smaller than is socially desirable.
• C)efficient.
• D)inefficient.

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Definitions:

Pectoral Girdle

The skeletal structure that provides support for the upper limbs, including the clavicles and scapulae.

Clavicles

Clavicles, commonly known as collarbones, are paired bones that sit horizontally at the top of the chest, providing support and stability to the shoulders.

Scapula

A flat, triangular bone located in the upper back, which serves as an important part of the shoulder joint.

Osteoclasts

A type of bone cell that breaks down bone tissue, helping to reshape bones as they grow and repair.