Use the figure below to answer the following questions.

Figure 17.3.1
-Figure 17.3.1 shows the marginal private cost cure, marginal social cost curve, and marginal social benefit curve for cod, a common resource. To achieve an efficient quantity, the price of an ITQ is set at
A)$3 a kilogram.
B)$6 a kilogram.
C)$4 a kilogram.
D)$5 a kilogram.
E)$1 a kilogram.

Question

Use the figure below to answer the following questions.
  
Figure 17.3.1
-Figure 17.3.1 shows the marginal private cost cure, marginal social cost curve, and marginal social benefit curve for cod, a common resource. To achieve an efficient quantity, the price of an ITQ is set at
A)$3 a kilogram. 
B)$6 a kilogram. 
C)$4 a kilogram. 
D)$5 a kilogram. 
E)$1 a kilogram.

Quizplus · Accepted Answer

The Answer of Use the figure below to answer the following questions.
  
Figure 17.3.1
-Figure 17.3.1 shows the marginal private cost cure, marginal social cost curve, and marginal social benefit curve for cod, a common resource. To achieve an efficient quantity, the price of an ITQ is set at
A)$3 a kilogram. 
B)$6 a kilogram. 
C)$4 a kilogram. 
D)$5 a kilogram. 
E)$1 a kilogram.

Use the Figure Below to Answer the Following Questions