Use the Figure Below to Answer the Following Questions

question 70

Multiple Choice

Use the figure below to answer the following questions.

Figure 17.3.1
-Figure 17.3.1 shows the marginal private cost curve, marginal social cost curve, and marginal social benefit curve for cod, a common resource. The equilibrium quantity in an unregulated market is

• A)0 kilograms a week.
• B)4,000 kilograms a week.
• C)3,000 kilograms a week.
• D)5,000 kilograms a week.
• E)1,000 kilograms a week.

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