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
A) the quantity produced is efficient but price is too low.
B) the quantity produced is less than the efficient quantity.
C) the quantity produced is greater than the efficient quantity.
D) the quantity produced is efficient but the price is too high.
E) the externality is eliminated.
Correct Answer:
Verified
Correct Answer:
Verified
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