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Author Question: The diagram below shows the supply and demand diagrams for the competitive market for honey in one ... (Read 88 times)

swande

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on: Oct 12, 2022

The diagram below shows the supply and demand diagrams for the competitive market for honey in one region. MC0 represents private marginal cost and MB0 represents private marginal benefit.



FIGURE 16-3

Refer to Figure 16-3. Assume there are two types of firms in this region-beekeepers that produce honey and orchard keepers that produce peaches. The bees provide a benefit to the orchard keepers by pollinating their peach trees. If the government subsidizes the beekeepers so as to fully internalize the externality, the equilibrium price of honey would be ________ and the allocatively efficient output would be ________.


◦ 11; 80
◦ 7; 100
◦ 9; 60
◦ 3; 80
◦ 5; 100
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by swande on Oct 12, 2022

msgero

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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swande

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

scikid

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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