Use the Figure Below to Answer the Following Questions

Multiple Choice

Use the figure below to answer the following questions. Figure 16.3.2
-Figure 16.3.2 shows the marginal private cost cure,marginal social cost curve,and marginal social benefit curve for raising goats on a common pasture.To achieve an efficient quantity,the price of an ITQ is set at

A) $7.50 per litre of milk.
B) $2.00 per litre of milk.
C) $6.00 per litre of milk.
D) $1.50 per litre of milk.
E) $4.40 per litre of milk.