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Use the Figure Below to Answer the Following Questions

Question 20

Multiple Choice

Use the figure below to answer the following questions.
Use the figure below to answer the following questions. Figure 17.3.1 -Figure 17.3.1 shows the marginal private cost cure, marginal social cost curve, and marginal social benefit curve for cod, a common resource. To achieve an efficient quantity, the price of an ITQ is set at A) $3 a kilogram. B) $6 a kilogram. C) $4 a kilogram. D) $5 a kilogram. E) $1 a kilogram.
Figure 17.3.1
-Figure 17.3.1 shows the marginal private cost cure, marginal social cost curve, and marginal social benefit curve for cod, a common resource. To achieve an efficient quantity, the price of an ITQ is set at


A) $3 a kilogram.
B) $6 a kilogram.
C) $4 a kilogram.
D) $5 a kilogram.
E) $1 a kilogram.

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