Table 10-1
The following table shows the private value, private cost, and external cost for various quantities of output in a market.
-Refer to Table 10-1. What is the socially-optimal quantity of output in this market?
A)1 unit
B)2 units
C)3 units
D)4 units

Question

Table 10-1
The following table shows the private value, private cost, and external cost for various quantities of output in a market. 
-Refer to Table 10-1. What is the socially-optimal quantity of output in this market?
A)1 unit 
B)2 units 
C)3 units 
D)4 units

Quizplus · Accepted Answer

The Answer of Table 10-1
The following table shows the private value, private cost, and external cost for various quantities of output in a market. 
-Refer to Table 10-1. What is the socially-optimal quantity of output in this market?
A)1 unit 
B)2 units 
C)3 units 
D)4 units

Table 10-1 the Following Table Shows the Private Value, Private Cost, and Cost