The Figure Given Below Shows the Demand and Supply Curves

question 114

Multiple Choice

The figure given below shows the demand and supply curves of steel.S_p is the private supply curve, and S_s is the social supply curve that includes both private costs and external costs. Figure 13.2 According to Figure 13.2:

• A)both points a and b are socially efficient.
• B)both points a and b are inefficient.
• C)point a represents the social equilibrium, whereas point b represents the private equilibrium.
• D)point a represents the private equilibrium, whereas point b represents the social equilibrium.
• E)when external costs are zero, the socially efficient output level is equal to 0Q_s units.

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Definitions:

Cash Flow

The broad sum of financial activities entering and exiting a business, influencing its ability to maintain liquid assets.

Stockholders

Individuals or institutions that own shares in a corporation, giving them ownership rights and potential financial benefits.

Cash Flow

The full extent of monetary movement into and out of a commercial entity, affecting its capacity to liquidate quickly.

Stockholders

Individuals or entities that own shares in a corporation, holding a stake in the company's equity.