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.
-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:

Verified
Correct Answer:
Verified
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