Refer to the graph below.Assume that curve II represents marginal private cost and curve IV represents marginal private benefit. If there are no externalities,the competitive equilibrium price will be __________ per unit and the competitive equilibrium quantity will be ________ units.
A) $6.80;400
B) $6;600
C) $5.10;300
D) $4;400
E) $4;600

Question

Refer to the graph below.Assume that curve II represents marginal private cost and curve IV represents marginal private benefit.  If there are no externalities,the competitive equilibrium price will be __________ per unit and the competitive equilibrium quantity will be ________ units.
A) $6.80;400 
B) $6;600 
C) $5.10;300 
D) $4;400 
E) $4;600

Quizplus · Accepted Answer

The Answer of Refer to the graph below.Assume that curve II represents marginal private cost and curve IV represents marginal private benefit.  If there are no externalities,the competitive equilibrium price will be __________ per unit and the competitive equilibrium quantity will be ________ units.
A) $6.80;400 
B) $6;600 
C) $5.10;300 
D) $4;400 
E) $4;600

Refer to the Graph Below