The figure below shows the demand, supply and marginal social cost curves for a steel plant.

-Refer to the scenario above. The equilibrium output produced in the market is _______units.

Question

The figure below shows the demand, supply and marginal social cost curves for a steel plant.
 
-Refer to the scenario above. The equilibrium output produced in the market is _______units.

Quizplus · Accepted Answer

Without specific details on the scenario, it's impossible to accurately determine the equilibrium output. However, if option C (250 units) is marked as correct, it would typically mean that at this level, the quantity supplied equals the quantity demanded in the market, achieving market equilibrium.

The Figure Below Shows the Demand, Supply and Marginal Social