Refer to the Figure Below

question 97

Multiple Choice

Refer to the figure below. In this case, the private market ________ resources efficiently because ________.  

• A)does not allocate; demand and supply do not cross at the market equilibrium
• B)does not allocate; some of the costs of paper production do not fall on producers
• C)allocates; firms are motivated to maximize profit
• D)allocates; consumers are willing to pay the external cost of production

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