(Figure: ABC Company) The figure depicts the market for awater cleaner for home aquariums. After use it gets washeddown drains and enters into streams where it improves themineral content of the water and thus leads to better waterquality and better fish growth. If the users of the cleaner weregiven a subsidy to compensate them for the benefit they arecreating for the ecological system, how much deadweight lossis removed from this market?
A) $2,400
B) $3,000
C) $3,600
D) $1,200
Correct Answer:
Verified
Q44: Figure: ABC Company Q46: Q48: The market for honey is: Q51: If the government wanted to maximize the Q52: Fewer people get flu shots than is Q53: Which of the following statements about vaccines Q98: If only people who get a flu Q111: When significant externalities exist: Q112: Externalities are: Q138: Two parties fail to solve an externality![]()
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A)inefficient since beekeepers
I. the market equilibrium
A) benefits received by people other
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