-The above table shows the marginal benefits and costs from the production of fertiliser. There are no external benefits. If the market is perfectly competitive and unregulated, the equilibrium price per tonne will be

Question

Quizplus · Accepted Answer

In a perfectly competitive and unregulated market, the equilibrium price is determined where the marginal cost equals the marginal benefit. Without the table, the correct answer cannot be determined directly from the question. However, assuming choice B ($80) is correct, it implies that at $80, the marginal cost of producing fertilizer equals the marginal benefit from its production, leading to market equilibrium.

-The Above Table Shows the Marginal Benefits and Costs from the Production