​Figure 10-20. ​

Multiple Choice

​Figure 10-20. ​
-Refer to Figure 10-20. Without government intervention,

A) the equilibrium quantity is less than the socially optimal quantity.
B) the equilibrium quantity is larger than the socially optimal quantity.
C) the equilibrium quantity equals the socially optimal quantity.
D) there is no clear relationship between the equilibrium quantity and socially optimal quantity.