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Below is a a figure that illustrates a market with curves labeled for private marginal benefits (PMB), social marginal benefits (SMB), private marginal costs (PMC),
Below is a a figure that illustrates a market with curves labeled for private marginal benefits (PMB), social marginal benefits (SMB), private marginal costs (PMC), and social marginal costs (SMC). The other dashed lines and letters are provided for the purpose of asking questions that follow. externality.JPG Flag question: Question 3 Question 31 pts What is the predicted market equilibrium price and quantity that would be generated under supply and demand? Group of answer choices p3, q2 p2, q3
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