Multiple Choice

-The figure above shows the marginal social costs (MSC) , marginal private benefits (MB) , and marginal social benefits (MSB) of college education in Inland. If Inland's government does not intervene, and the colleges are competitive, ________ million students are enrolled, and the tuition is ________ per year.
A) 0.8; $7,000
B) 0.6; $6,000
C) 0.6; $9,000
D) 0.8; $5,000
Correct Answer:
Verified
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