Multiple Choice
Use the figure below to answer the following questions. Figure 15.2.1
-Refer to Figure 15.2.1.The figure shows the marginal private cost curve,the marginal social cost curve and the market demand curve of a mining firm.If the market is unregulated,then at the equilibrium output the marginal social cost of production is
A) less than the marginal benefit to consumers.
B) greater than the marginal benefit to consumers.
C) equal to the marginal benefit to consumers.
D) equal to the marginal private cost of production.
E) less than the marginal private cost of production.
Correct Answer:

Verified
Correct Answer:
Verified
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