The Following Graph Shows Equilibrium in a Market in the Presence

question 117

Multiple Choice

The following graph shows equilibrium in a market in the presence of externality in an economy. The total social gain from producing the socially efficient output rather than the private equilibrium output is shown by the area ______.​ ​
Figure 17.2
​
​

• A)abdf
• B)bed​
• C)bcd​
• D)acdf​
• E)bcde​

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