This Figure Reflects the Market for Outdoor Concerts in a Public

Multiple Choice

This figure reflects the market for outdoor concerts in a public park surrounded by residential neighborhoods.
Figure 10-3
-Refer to Figure 10-3. The difference between the social cost curve and the supply curve reflects the

A) profit margin of each concert.
B) cost of spillover effects from the concert (e.g., noise and traffic) .
C) value of concerts to society as a whole.
D) amount by which the city should subsidize the concert organizers.