Author Question: In the above figure, what is the amount of consumer surplus at the efficient quantity? A) 0 B) ... (Read 119 times)

Bernana · **on:** Jun 29, 2018

In the above figure, what is the amount of consumer surplus at the efficient quantity?

A) 0
B) 1,000
C) 2,000
D) 4,000

Question 2

Generating electricity creates air pollution. This industry, if left unregulated, will produce at an inefficient market equilibrium where

A) marginal private cost equals marginal social benefit.
B) marginal social cost equals marginal social benefit.
C) marginal social cost equals marginal private cost.
D) marginal social benefit is greater than marginal social cost.