Figure 5-2 Figure 5-2 shows a market with a negative externality.
-Refer to Figure 5-2. The marginal benefit of the last unit produced is represented by the price

Question

Figure 5-2 Figure 5-2 shows a market with a negative externality. -Refer to Figure 5-2. The marginal benefit of the last unit produced is represented by the price A) P_a_. B) P_b_. C) P_c_. D) P_f_.

Quizplus · Accepted Answer

The marginal benefit of the last unit produced is represented by the price at which the last unit is sold, which is typically the market price or equilibrium price, often denoted as P_b in economic graphs.

Figure 5-2 Figure 5-2 Shows a Market with a Negative