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Figure: Marginal Private Benefits and Marginal Social Benefits Use the following to answer question: Figure: Marginal Private Benefits and Marginal Social Benefits -(Figure: Marginal Private Benefits and Marginal Social Benefits) Use Figure: Marginal Private Benefits and Marginal Social Benefits.If government does intervene and encourages the market to produce and price at the socially optimal level,what will be the output and price? A) Q<sub>0</sub> and P<sub>0</sub> B) Q<sub>1</sub> and P<sub>0</sub> C) Q<sub>1</sub> and P<sub>2</sub> D) Q<sub>2</sub> and P<sub>1</sub>
-(Figure: Marginal Private Benefits and Marginal Social Benefits) Use Figure: Marginal Private Benefits and Marginal Social Benefits.If government does intervene and encourages the market to produce and price at the socially optimal level,what will be the output and price?


A) Q0 and P0
B) Q1 and P0
C) Q1 and P2
D) Q2 and P1

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