-The figure above shows the marginal social cost curve of generating electricity,the marginal private cost curve,and the demand curve.If the market is competitive and unregulated,the equilibrium price is ________ per kilowatt hour and the equilibrium quantity is ________ billion kilowatt hours per day.
A) 10¢; 200
B) 15¢; 150
C) 20¢; 200
D) 20¢; 100
E) 7.5¢; 150

Question

-The figure above shows the marginal social cost curve of generating electricity,the marginal private cost curve,and the demand curve.If the market is competitive and unregulated,the equilibrium price is ________ per kilowatt hour and the equilibrium quantity is ________ billion kilowatt hours per day.
A) 10¢; 200 
B) 15¢; 150 
C) 20¢; 200 
D) 20¢; 100 
E) 7.5¢; 150

Quizplus · Accepted Answer

In a competitive and unregulated market, the equilibrium is determined by the intersection of the demand curve and the marginal private cost curve. The given choice A (10¢; 200) represents this intersection point.

-The Figure Above Shows the Marginal Social Cost Curve of Generating