In the following graph, MPC and MSC represent the marginal private cost and marginal social cost of producing a good respectively. QD represents the demand for the good. Refer to the graph to answer the question.
The socially optimum level of output is _____ of the good.
A) 400 units
B) 1000 units
C) 1600 units
D) 2200 units
Correct Answer:
Verified
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