-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 output will be

Question

Quizplus · Accepted Answer

In a perfectly competitive and unregulated market, the equilibrium output is where marginal benefit equals marginal cost. Without the table, the specific numbers cannot be analyzed, but typically, the equilibrium is at the point where these two values are equal.

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