Use the Figure Below to Answer the Following Questions

question 20

Multiple Choice

Use the figure below to answer the following questions.

Figure 17.3.1
-Figure 17.3.1 shows the marginal private cost cure, marginal social cost curve, and marginal social benefit curve for cod, a common resource. To achieve an efficient quantity, the price of an ITQ is set at

• A)$3 a kilogram.
• B)$6 a kilogram.
• C)$4 a kilogram.
• D)$5 a kilogram.
• E)$1 a kilogram.

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