-The Figure Above Shows the Market for Private Elementary School

question 268

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 equilibrium number of students being privately educated is

• A) 0 students.
• B) 200 students.
• C) 400 students.
• D) 600 students.
• E) None of the above answers is correct.

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