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Figure: Social Benefit Refer to the Figure

Question 205

Multiple Choice

Figure: Social Benefit Figure: Social Benefit Refer to the figure. Which price and quantity combination represents the efficient equilibrium? A) P<sub>1</sub> and Q<sub>1</sub> B) P<sub>2</sub> and Q<sub>1</sub> C) P<sub>3</sub> and Q<sub>1</sub> D) P<sub>2</sub> and Q<sub>2</sub> Refer to the figure. Which price and quantity combination represents the efficient equilibrium?


A) P1 and Q1
B) P2 and Q1
C) P3 and Q1
D) P2 and Q2

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