-The Figure Above Shows the Market for Coffee

question 310

Multiple Choice

-The figure above shows the market for coffee. If one firm owns all the coffee outlets and sells 10 million pounds of coffee a month

• A) the market is efficient because the marginal social benefit from coffee exceeds its marginal social cost.
• B) the market is efficient because the total social benefit from coffee exceed the total social cost.
• C) there is a deadweight loss because the marginal social benefit from the last pound of coffee exceeds its marginal social cost.
• D) there is a deadweight loss because the marginal social cost of the last pound of coffee exceeds its marginal social benefit.

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Definitions:

Organizational Strategies

Comprehensive plans and actions implemented by businesses or organizations to achieve long-term goals and objectives.

Managing Stress

involves strategies and techniques to control and reduce stress levels in oneself or in the workplace to improve well-being and performance.

Common Health Problem

A frequently occurring illness or health issue within a population.

Depression

A mental health disorder characterized by persistently low mood, a lack of interest in activities, and various other symptoms that interfere with daily life.