Multiple Choice
Exhibit 17.3
-Refer to Exhibit 17.3,which shows equilibrium in a market in the presence of externality in an economy.The total social gain from producing the socially efficient output rather than the private equilibrium output is shown by the area ______
A) abdf.
B) bed.
C) bcd.
D) acdf.
E) bcde.
Correct Answer:

Verified
Correct Answer:
Verified
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