-Exhibit N-3 Depicts a Market Showing the Demand Curve for a Good

Multiple Choice

-Exhibit N-3 depicts a market showing the demand curve for a good and two supply curves, one reflecting the industry's private costs; the other reflecting the costs of resources to society producing the good. It is clear from this representation of the marketthat the market-generated price and output would be

A) $4.00 and 32
B) $4.00 and 24
C) $3.70 and 32
D) $3.70 and 24
E) $3.85 and 28