-The Figure Above Shows the Market for a Good with an External

question 167

Multiple Choice

-The figure above shows the market for a good with an external benefit.If the market is competitive and the government takes no action,the equilibrium quantity is ________ units and the equilibrium price is ________ per unit.

• A) 8; $150
• B) 8; $300
• C) 10; $250
• D) 10; $100
• E) 10; $150

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Definitions:

Trapezius

A large superficial muscle that extends from the occipital bone to the lower thoracic vertebrae and to the scapula, functioning to move the shoulder blade and support the arm.

Levator Scapulae

A skeletal muscle situated at the back and side of the neck, responsible for elevating the scapula (shoulder blade).

Fan-Shaped

Describes an object, structure, or pattern that spreads out in a shape resembling a fan.

Serratus Anterior

A muscle that originates on the surface of the upper eight or nine ribs and inserts along the entire anterior length of the medial border of the scapula, playing a key role in the movement of the shoulder blade.