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

Question

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​

Quizplus · Accepted Answer

The Answer of 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​

The Following Graph Shows Equilibrium in a Market in the Presence