-Refer to Figure 15-6

question 120

Multiple Choice

-Refer to Figure 15-6. Why is there a deadweight loss?

• A) because the marginal private benefit for each additional unit between Q₁ and Q₂ exceeds the marginal cost
• B) because the marginal private cost for each additional unit between Q₁ and Q₂ exceeds the marginal private benefit
• C) because the marginal social cost for each additional unit between Q₁ and Q₂ exceeds the marginal social benefit
• D) because the marginal social benefit for each additional unit between Q₁ and Q₂ exceeds the marginal cost

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Definitions:

Complete Enumeration

A method of solving problems by listing all possible solutions.

Generalization

A broad statement or an idea that applies to a group of items or situations, often derived from specific instances.

Instances

Specific examples or occurrences of a particular event or situation.

African Languages

The languages native to the African continent, which comprise several language families and thousands of languages and dialects.