Figure: Market Failure (Figure: Market Failure) Look at the figure Market Failure.Suppose it represents the demand and marginal cost of pounds of shrimp in the bay.The additional cost of the shrimp due to the depletion of the common resource is equal to AC.The efficient price of shrimp is
A)0
B)A
C)B
D)C

Question

Figure: Market Failure  (Figure: Market Failure) Look at the figure Market Failure.Suppose it represents the demand and marginal cost of pounds of shrimp in the bay.The additional cost of the shrimp due to the depletion of the common resource is equal to AC.The efficient price of shrimp is
A)0 
B)A 
C)B 
D)C

Quizplus · Accepted Answer

The Answer of Figure: Market Failure  (Figure: Market Failure) Look at the figure Market Failure.Suppose it represents the demand and marginal cost of pounds of shrimp in the bay.The additional cost of the shrimp due to the depletion of the common resource is equal to AC.The efficient price of shrimp is
A)0 
B)A 
C)B 
D)C

Figure: Market Failure (Figure: Market Failure) Look at the Figure