-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:

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Scientists who study human history and prehistory through the excavation and analysis of artifacts, inscriptions, and physical remains.

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Sovereign rulers of ancient Egypt, often referred to as pharaohs, who were believed to be divinely appointed and played a significant role in Egyptian society and religion.