-The figure above shows the costs and benefits associated with producing paper.What is the unregulated competitive market level of output?
A) 0
B) 4 tons
C) 6 tons
D) More than 6 tons
E) None of the above answers is correct.

Question

-The figure above shows the costs and benefits associated with producing paper.What is the unregulated competitive market level of output?
A) 0 
B) 4 tons 
C) 6 tons 
D) More than 6 tons 
E) None of the above answers is correct.

Quizplus · Accepted Answer

In an unregulated competitive market, the level of output is determined where marginal cost equals marginal benefit. This typically occurs at the point where the supply and demand curves intersect, which is often represented by the quantity of 6 tons in such scenarios.

-The Figure Above Shows the Costs and Benefits Associated with Producing