Use the following to answer questions:
Figure: Market Failure 
-(Figure: Market Failure) Look at the figure Market Failure. Suppose it represents the demand for and marginal cost per pound of shrimp in the bay. The additional cost of the shrimp due to the depletion of the common resource is equal to AC. At output F _____ is being produced.
Definitions:
New Account
An account that has been recently opened in the financial books of a business or an individual's newly established account with a financial institution.
Transaction
An event or agreement between two or more parties that has a financial impact on the business.
Business Firm
A Business Firm is an organization engaged in commercial, industrial, or professional activities with the aim of generating profits.
Drawing Account
An account used to record withdrawals made by a company’s owner for personal use, which is then deducted from the company’s capital.
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