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In the Figure Given Below,the Competitive Supply Curve of a Commodity

Question 3

Multiple Choice

In the figure given below,the competitive supply curve of a commodity is given by S1,the private marginal benefit curve is D1,the marginal social benefit curve is D2,and the MBE curve reflects the marginal external benefits. In the figure given below,the competitive supply curve of a commodity is given by S<sub>1</sub>,the private marginal benefit curve is D<sub>1</sub>,the marginal social benefit curve is D<sub>2</sub>,and the MB<sub>E</sub> curve reflects the marginal external benefits. -In Figure 20-2,if the efficient output is being produced,the market price of the commodity must be: A) $12. B) $17. C) $20. D) $24.
-In Figure 20-2,if the efficient output is being produced,the market price of the commodity must be:


A) $12.
B) $17.
C) $20.
D) $24.

Correct Answer:

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