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Use the Table Below to Answer the Following Questions

Question 98

Multiple Choice

Use the table below to answer the following questions.
Table 15.2.1 Use the table below to answer the following questions. Table 15.2.1   -Refer to Table 15.2.1.Given in the table are the marginal private cost and the marginal social cost of the production of chemical fertilizer and the marginal social benefit from the consumption of fertilizer.If the market is unregulated A) the quantity produced is the efficient quantity. B) the quantity produced is greater than the efficient quantity. C) the quantity produced is less than the efficient quantity. D) marginal external cost is maximized. E) the price of fertilizer is too high.
-Refer to Table 15.2.1.Given in the table are the marginal private cost and the marginal social cost of the production of chemical fertilizer and the marginal social benefit from the consumption of fertilizer.If the market is unregulated


A) the quantity produced is the efficient quantity.
B) the quantity produced is greater than the efficient quantity.
C) the quantity produced is less than the efficient quantity.
D) marginal external cost is maximized.
E) the price of fertilizer is too high.

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