
-The figure above shows the marginal social costs (MSC) , marginal private benefits (MB) , and marginal social benefits (MSB) of university education in Inland. If Inland's government does not intervene, and the universities are competitive, _______ million students are enrolled, and the tuition is _______ per year.
A) 0.6; $6,000
B) 0.8; $5,000
C) 0.6; $9,000
D) 0.8; $7,000
Correct Answer:
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Q141: The quantity of a public good supplied
Q142: Q143: A good or service or a resource Q144: When external benefits are present, Q145: Q147: When the marginal social benefit of Good Q148: School vouchers can be used to arrive Q149: A museum is NOT a public good Q150: Q151: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
A) property rights![]()
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