Use the figure below to answer the following questions.
Figure 16.3.1
-Refer to Figure 16.3.1.The figure shows the marginal private benefit curve,the marginal social benefit curve,and the market supply curve.If a voucher is given to consumers that generates an efficient outcome,then producers receive a price of

Question

Use the figure below to answer the following questions.

Figure 16.3.1
-Refer to Figure 16.3.1.The figure shows the marginal private benefit curve,the marginal social benefit curve,and the market supply curve.If a voucher is given to consumers that generates an efficient outcome,then producers receive a price of

Quizplus · Accepted Answer

The efficient outcome occurs where the marginal social benefit equals the market supply curve. At this point, the price received by producers is P₃ per unit.

Use the Figure Below to Answer the Following Questions