$ per unit $30 $20 $15 0 b social MC Private MC private MB # of units 30 45 Use the graph above to answer the following questions. A. The graph shows a [Select] externality. B. The private optimal quantity produced in the free market is [Select] the socially optimal quantity that should be produced to eliminate deadweight loss is [Select] C. The quantity of the externality per unit is [Select] at the private optimal quantity the total damages are [Select] and and when producing
$ per unit $30 $20 $15 0 b social MC Private MC private MB # of units 30 45 Use the graph above to answer the following questions. A. The graph shows a [Select] externality. B. The private optimal quantity produced in the free market is [Select] the socially optimal quantity that should be produced to eliminate deadweight loss is [Select] C. The quantity of the externality per unit is [Select] at the private optimal quantity the total damages are [Select] and and when producing
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![$ per unit
$30
$20
$15
b
30 45
a
social MC
Private MC
private MB
# of units
Use the graph above to answer the following questions.
A. The graph shows a [Select]
externality.
B. The private optimal quantity produced in the free market is [Select]
the socially optimal quantity that should be produced to eliminate deadweight loss is
[Select]
C. The quantity of the externality per unit is [Select]
at the private optimal quantity the total damages are [Select]
and
and when producing](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa642beb2-f4e9-4ad8-aca9-bbeba366d6a6%2F64163e9a-0408-444f-98c1-43be4d5274fe%2Fk1itid9_processed.png&w=3840&q=75)
Transcribed Image Text:$ per unit
$30
$20
$15
b
30 45
a
social MC
Private MC
private MB
# of units
Use the graph above to answer the following questions.
A. The graph shows a [Select]
externality.
B. The private optimal quantity produced in the free market is [Select]
the socially optimal quantity that should be produced to eliminate deadweight loss is
[Select]
C. The quantity of the externality per unit is [Select]
at the private optimal quantity the total damages are [Select]
and
and when producing
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