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Use Figure: Negative Externality and Deadweight Loss I

Question 49

Multiple Choice

Use Figure: Negative Externality and Deadweight Loss I. The figure shows the marginal benefit, marginal private cost, and marginal social cost that are associated with producing a good. The socially optimal price is _____, and the socially optimal quantity is _____ units.

Figure: Negative Externality and Deadweight Loss I
Use Figure: Negative Externality and Deadweight Loss I. The figure shows the marginal benefit, marginal private cost, and marginal social cost that are associated with producing a good. The socially optimal price is _____, and the socially optimal quantity is _____ units. ​ Figure: Negative Externality and Deadweight Loss I   A)  $8; 80 B)  $8; 60 C)  $11; 80 D)  $11; 60


A) $8; 80
B) $8; 60
C) $11; 80
D) $11; 60

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