-The Above Figure Shows the Market for Steel Ingots

question 82

Multiple Choice

-The above figure shows the market for steel ingots.If the market is competitive,then

• A) the socially optimal quantity of steel is zero.
• B) the socially optimal quantity of steel of 50 units is produced.
• C) the socially optimal quantity of steel of 100 units is produced.
• D) more than the socially optimal quantity of 50 units of steel is produced.

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