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, the deadweight loss is
A) zero.
B) $100 million per year.
C) $200 million per year.
D) $300 million per year.
Correct Answer:
Verified
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