Table 10-1 Quantity (Units) Private Value (Dollars) Private Cost (Dollars) External Cost (Dollars) 1 28 16 4 2 26 18 4 3 24 20 4 4 22 22 4 5 20 24 4 6 18 26 4 7 16 28 4 ​ Refer to Table 10-1. What is the equilibrium quantity of output in the market? Group of answer choices 3 units 2 units 5 units 4 units

ENGR.ECONOMIC ANALYSIS
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Table 10-1

Quantity

(Units)

Private Value

(Dollars)

Private Cost

(Dollars)

External Cost

(Dollars)

1 28 16 4
2 26 18 4
3 24 20 4
4 22 22 4
5 20 24 4
6 18 26 4
7 16 28 4


Refer to Table 10-1. What is the equilibrium quantity of output in the market?
Group of answer choices

3 units

2 units

5 units

4 units

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