The figure below shows the marginal benefit to consumers,MB,the marginal cost to private firms,MC P ,and the marginal cost to society,MC S ,at each level of output of some good. FIGURE 17-1
-Refer to Figure 17-1.The price that would occur in a competitive market in the absence of government intervention is

Question

The figure below shows the marginal benefit to consumers,MB,the marginal cost to private firms,MC P ,and the marginal cost to society,MC S ,at each level of output of some good.  FIGURE 17-1
-Refer to Figure 17-1.The price that would occur in a competitive market in the absence of government intervention is

Quizplus · Accepted Answer

The Answer is B

The Figure Below Shows the Marginal Benefit to Consumers,MB,the Marginal