-The Figure Above Shows the Market for Private Elementary School

question 183

Multiple Choice

-The figure above shows the market for private elementary school education in Chicago.There is no external cost of private elementary education.If the government does not intervene in this market,the deadweight loss equals

• A) 0.
• B) $800,000.
• C) $1,600,000.
• D) more than $1,600,000.
• E) more than $800,000 and less than $1,600,000.