Use the Following Figure to Answer the Question : Figure

question 69

Multiple Choice

Use the following figure to answer the question : Figure 20-2 : shows the competitive supply curve of a commodity is given by S₁,the private marginal benefit curve is D₁,the marginal social benefit curve is D₂,and the MB_E curve reflects the marginal external benefits.
-In Figure 20-2,if the efficient output is being produced,the market price of the commodity must be:

• A)$12.
• B)$17.
• C)$20.
• D)$24.

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