Consider the accompanying figure to answer the questions that follow.
-A positive externality exists and the government does NOT intervene.Which point best identifies the market equilibrium?
Definitions:
Shipload
A measurement or quantity of cargo that is large enough to be carried by a ship.
Duress
Coercion or compulsion by threat or force, often affecting the validity of a contract.
Assignment
The transfer of rights, property, or responsibilities from one party to another.
Treasury Bills
Short-term debt obligations issued by the government to finance its operations, with maturities ranging from a few days to one year.
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