Figure 5-3 -Refer to Figure 5-3. in the Absence of Any Government

Multiple Choice

Figure 5-3
-Refer to Figure 5-3. In the absence of any government intervention, the private market

A) underproduces by Q_o - Q_m units.
B) overproduces by Q_o - Q_m units.
C) overproduces by Q_n - Q_m units.
D) underproduces by Q_n - Q_m units.