(Figure: Toxic Waste) From the graph, the socially optimal outcome would lead to total surplus (consumer plus producer) of _____ and external costs of _____, so the optimal amount of toxic waste produced should be _____ tons.
A) $2,450; $2,400; 30
B) $2,700; $1,200; 70
C) $4,900; $1,200; 50
D) $900; $2,400; 0
Correct Answer:
Verified
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