Exhibit 17.3

-Refer to Exhibit 17.3,which shows equilibrium in a market in the presence of externality in an economy.The total social gain from producing the socially efficient output rather than the private equilibrium output is shown by the area ______
A)abdf.
B)bed.
C)bcd.
D)acdf.
E)bcde.

Question

Exhibit 17.3
 
-Refer to Exhibit 17.3,which shows equilibrium in a market in the presence of externality in an economy.The total social gain from producing the socially efficient output rather than the private equilibrium output is shown by the area ______
A)abdf. 
B)bed. 
C)bcd. 
D)acdf. 
E)bcde.

Quizplus · Accepted Answer

The Answer of Exhibit 17.3
 
-Refer to Exhibit 17.3,which shows equilibrium in a market in the presence of externality in an economy.The total social gain from producing the socially efficient output rather than the private equilibrium output is shown by the area ______
A)abdf. 
B)bed. 
C)bcd. 
D)acdf. 
E)bcde.

Exhibit 17.3 -Refer to Exhibit 17.3,which Shows Equilibrium in a Market in in a Market