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Use the following to answer questions :
Figure: Marginal Private Benefits and Marginal Social Benefits Use the following to answer questions : Figure: Marginal Private Benefits and Marginal Social Benefits   -(Figure: Marginal Private Benefits and Marginal Social Benefits) Use Figure: Marginal Private Benefits and Marginal Social Benefits.If government does intervene and encourage the market to produce and price at the socially optimal level,what will be the output and price? A)  Q<sub>0</sub> and P<sub>0</sub> B)  Q<sub>1</sub> and P<sub>0</sub> C)  Q<sub>1</sub> and P<sub>2</sub> D)  Q<sub>2</sub> and P<sub>1</sub>
-(Figure: Marginal Private Benefits and Marginal Social Benefits) Use Figure: Marginal Private Benefits and Marginal Social Benefits.If government does intervene and encourage the market to produce and price at the socially optimal level,what will be the output and price?


Definitions:

Difficulties

Challenges or obstacles that make tasks hard to accomplish.

Activities

Tasks, actions, or operations that people engage in, often for enjoyment, learning, or achieving a goal.

Dorsal Root

The part of a spinal nerve that carries sensory neural signals to the spinal cord from the peripheral organs.

Sensory Nerve Impulses

Electrical signals generated by sensory receptors that convey information from the sensory organs to the brain.

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