(Figure: Market 4) Use the graph to answer the question.
The graph show the marginal social benefit, demand, and supply curves in the milkshake market. Market forces would yield a quantity of _____ and a price of _____ in the milkshake market.
A) 12; $1
B) 16; $4
C) 12; $3
D) eight; $2
Correct Answer:
Verified
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