Exhibit 17-2
-In Exhibit 17-2,the total social gain from producing the socially efficient output rather than the private equilibrium output is
A)$60
B)$30
C)$6
D)$480
E)$300

Question

Exhibit 17-2 
-In Exhibit 17-2,the total social gain from producing the socially efficient output rather than the private equilibrium output is
A)$60 
B)$30 
C)$6 
D)$480 
E)$300

Quizplus · Accepted Answer

The total social gain is calculated as the difference in social welfare between the socially efficient output and the private equilibrium output. In this case, the correct choice is $60.

Exhibit 17-2 -In Exhibit 17-2,the Total Social Gain from Producing the Socially