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Table 10-2 the Following Table Shows the Private Value, Private Cost, and Cost

Question 454

Multiple Choice

Table 10-2
The following table shows the private value, private cost, and social value for a market with a positive externality. Table 10-2 The following table shows the private value, private cost, and social value for a market with a positive externality. -Refer to Table 10-2. What is the socially-optimal level of output in this market? A) 3 units B) 4 units C) 5 units D) 6 units
-Refer to Table 10-2. What is the socially-optimal level of output in this market?


A) 3 units
B) 4 units
C) 5 units
D) 6 units

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