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 wants to provide the efficient level of education, it must set tuition at ________ per year to ensure that ________ million students are enrolled.
A) $5,000; 0.8
B) $6,000; 0.6
C) $7,000; 0.8
D) $5,000; 0.6
Correct Answer:
Verified
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