-Refer to Figure 15-6

Multiple Choice

-Refer to Figure 15-6. Why is there a deadweight loss?

A) because the marginal private benefit for each additional unit between Q₁ and Q₂ exceeds the marginal cost
B) because the marginal private cost for each additional unit between Q₁ and Q₂ exceeds the marginal private benefit
C) because the marginal social cost for each additional unit between Q₁ and Q₂ exceeds the marginal social benefit
D) because the marginal social benefit for each additional unit between Q₁ and Q₂ exceeds the marginal cost