Figure 15-6

-Refer to Figure 15-6. What is the socially efficient price and quantity?

Name: Figure 15-6 -Refer to Figure 15-6. What is the socially efficient price and quantity?
Brand: Quizplus
Rating: 4.8 (57 reviews)

Question

Figure 15-6  ​
​
-Refer to Figure 15-6. What is the socially efficient price and quantity?

Quizplus · Accepted Answer

The socially efficient price and quantity occur where the marginal social benefit equals the marginal social cost, which is represented by the intersection of the demand curve (marginal social benefit) and the supply curve (marginal social cost). Choice B correctly identifies this intersection.

Figure 15-6 ​

Figure 15-6