Solved

Table 10-1 the Following Table Shows the Private Value, Private Cost, and Cost

Question 165

Multiple Choice

Table 10-1
The following table shows the private value, private cost, and external cost for various quantities of output in a market. Table 10-1 The following table shows the private value, private cost, and external cost for various quantities of output in a market.   -Refer to Table 10-1. What is the socially-optimal quantity of output in this market? A) 1 unit B) 2 units C) 3 units D) 4 units
-Refer to Table 10-1. What is the socially-optimal quantity of output in this market?


A) 1 unit
B) 2 units
C) 3 units
D) 4 units

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions