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.
-According to Figure 20-1,the efficient output is ______ than the equilibrium output by _____ units.
A) more;400
B) less;400
C) more;100
D) less;200
Correct Answer:

Verified
Correct Answer:
Verified
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