-The above figure shows the marginal private cost curve,marginal social cost curve,and marginal social benefit curve for cod,a common resource.The efficient outcome is ________.
A) 0 tons per week
B) 200 tons per week
C) 300 tons per week
D) 400 tons per week
E) 500 tons per week

Question

-The above figure shows the marginal private cost curve,marginal social cost curve,and marginal social benefit curve for cod,a common resource.The efficient outcome is ________.
A) 0 tons per week 
B) 200 tons per week 
C) 300 tons per week 
D) 400 tons per week 
E) 500 tons per week

Quizplus · Accepted Answer

The efficient outcome occurs where the marginal social cost equals the marginal social benefit, which is at 300 tons per week.

-The Above Figure Shows the Marginal Private Cost Curve,marginal Social