Use the following diagram to answer the following questions.

-Refer to Gallons. In the absence of governmental policies the level of output will be:

Question

Use the following diagram to answer the following questions.
 
-Refer to Gallons. In the absence of governmental policies the level of output will be:

Quizplus · Accepted Answer

In the absence of governmental policies, the market will produce at the equilibrium level where supply equals demand, which is typically the level of output that maximizes profit for producers. In this context, it is given as 2,000 gallons.

Use the Following Diagram to Answer the Following Questions