Multiple Choice
Use the following figure to answer the question : Figure 20-1 : D1 and S1 are the private demand and supply curves,of a commodity produced by a competitive firm.S2 reflects the social marginal cost of production,while S0 represents the external marginal cost.
-Refer to Figure 20-1.When the efficient output is being produced,the price of the good must be:
A) $90.
B) $108.
C) $100.
D) $40.
Correct Answer:

Verified
Correct Answer:
Verified
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