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Use the Figure Below to Answer the Following Questions

Question 96

Multiple Choice

Use the figure below to answer the following questions.
Use the figure below to answer the following questions. Figure 17.3.1 -Figure 17.3.1 shows the marginal private cost curve, marginal social cost curve, and marginal social benefit curve for cod, a common resource. The efficient quantity is A) 0 kilograms a week. B) 4,000 kilograms a week. C) 3,000 kilograms a week. D) 5,000 kilograms a week. E) 1,000 kilograms a week.
Figure 17.3.1
-Figure 17.3.1 shows the marginal private cost curve, marginal social cost curve, and marginal social benefit curve for cod, a common resource. The efficient quantity is


A) 0 kilograms a week.
B) 4,000 kilograms a week.
C) 3,000 kilograms a week.
D) 5,000 kilograms a week.
E) 1,000 kilograms a week.

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