Multiple Choice
The figure shows the supply curve (S) and the demand curve (D) for college education. The external benefit from college education is $6,000 per student per year and is constant.
-In the figure above, if the government provides the efficient amount of education, how many students will be accepted?
A) 8 million per year
B) 12 million per year
C) 10 million per year
D) 16 million per year
Correct Answer:

Verified
Correct Answer:
Verified
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Q338: If an activity has an external benefit,
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Q344: School vouchers can be used to arrive
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Q346: "The problem with a common resource is