Multiple Choice
Use the following to answer questions below :
-Refer to the graph of marginal private cost (MPC) and marginal private benefit (MPB) . If production of this good gives rise to an external social benefit equal to $1 per unit produced, what is the socially optimal level of output?
A) 4
B) 5
C) 6
D) 7
Correct Answer:

Verified
Correct Answer:
Verified
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