-The table above shows the marginal private benefit, marginal social benefit, and marginal cost of education at the College of Epsilon. What is the equilibrium number of students at the college if the market is unregulated?
A) 1,000
B) 3,000
C) 4,000
D) 5,000

Question

-The table above shows the marginal private benefit, marginal social benefit, and marginal cost of education at the College of Epsilon. What is the equilibrium number of students at the college if the market is unregulated?
A) 1,000 
B) 3,000 
C) 4,000 
D) 5,000

Quizplus · Accepted Answer

In an unregulated market, the equilibrium occurs where marginal private benefit equals marginal cost.

-The Table Above Shows the Marginal Private Benefit, Marginal Social