
-The figure above shows the market for private school education in Adelaide. There is no external cost of private education. If the marginal social benefit of private school education equalled the marginal social cost, the deadweight loss in Adelaide's private education market would equal
A) more than $800,000 and less than $1,600,000.
B) more than $1,600,000.
C) $800,000.
D) zero.
E) $1,600,000.
Correct Answer:
Verified
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