Refer to the following graph. Assuming a marginal cost external to the trade equals the tax shown in the graph, the market price necessary to induce consumers to purchase the efficient quantity each year is: A) P₁. B) P₂. C) P₃. D) P₄.

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The Answer of Refer to the following graph. Assuming a marginal cost external to the trade equals the tax shown in the graph, the market price necessary to induce consumers to purchase the efficient quantity each year is: A) P₁. B) P₂. C) P₃. D) P₄.

Refer to the Following Graph