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-Refer to Figure 5-3

Question 1

Multiple Choice

-Refer to Figure 5-3. At the competitive market equilibrium, A) the size of the external cost is Pm - Po. B) the size of the external benefit is Pm - Po. C) the size of the external cost is Pn - Po. D) the size of the external benefit is Pn - Po.
-Refer to Figure 5-3. At the competitive market equilibrium,


A) the size of the external cost is Pm - Po.
B) the size of the external benefit is Pm - Po.
C) the size of the external cost is Pn - Po.
D) the size of the external benefit is Pn - Po.

Correct Answer:

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