The Figure Below Shows the Marginal Benefit to Consumers,MB,the Marginal

question 66

Multiple Choice

The figure below shows the marginal benefit to consumers,MB,the marginal cost to private firms,MC_P,and the marginal cost to society,MC_S,at each level of output of some good. FIGURE 17-1
-Refer to Figure 17-1.The price that leads consumers to demand the socially optimal quantity of output is

• A)zero.
• B)P₁.
• C)P₂.
• D)P₃.
• E)not possible to know from the information given.

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Definitions:

Client-centered Therapy

A psychotherapeutic approach developed by Carl Rogers emphasizing an empathetic, accepting environment that fosters self-awareness and personal growth.

Systematic Desensitization

A technique in behavioral therapy aimed at diminishing fears and anxiety by slowly exposing individuals to the object or situation they fear, while simultaneously teaching them relaxation techniques.

Client-centered Therapy

A counseling approach where the therapist provides a supportive environment to allow the client to lead the process of therapy.

Carl Rogers

An influential American psychologist who founded the client-centered therapy approach, emphasizing the importance of an individual's self-view and the need for unconditional positive regard.