Question 1
Refer to the information provided in Figure 16.2 below to answer the question(s) that follow.
Refer to Figure 16.2. What is the total damage imposed as a result of producing the market (unregulated) level of fertilizer?
◦ $250
◦ $350
◦ $500
◦ $700
Question 2
Refer to the information provided in Figure 16.2 below to answer the question(s) that follow.
Refer to Figure 16.2. What is the total damage imposed as a result of producing the efficient level of fertilizer?
◦ $0
◦ $250
◦ $350
◦ $500