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EE 9 of 11 Questions 9 1 Question 1 of 2 Attempts Correct ozouesuon 1 of 2 Attempts Correct 9 3 Question 2 of 2
EE 9 of 11 Questions 9 1 Question 1 of 2 Attempts Correct ozouesuon 1 of 2 Attempts Correct 9 3 Question 2 of 2 Attempts Correct 9 4 Question 1 of 2 Attempts Correct 9 5 Question 1 of 2 Attem pts Correct 9 6 Question 1 of 2 Attempts Correct 7 Question \" 0 of 2 Attempts G) 8 Question 1 of 2 Attempts Correct souesuon 1 M2 Attempts 10 Question 0 of 2 Attempts 11 Question ID 0 of 2 Attempts Bluen tuna is a sh that is in high demand from consumers. Overshing of this species, particularly in the Mediterranean Sea, has led to the strong possibility of extinction. The graph illustrates the marginal social cost (MSC), marginal private cost (MPC), and marginal social benet (MSB) for a hypothetical representation of the Bluen tuna market. Use the graph to answer the questions. If this market is unregulated, what will be the equilibrium price and quantity? price: $ Incorrect quantity: 5 1b Incorrect Why is the market equilibrium not socially optimal? O MSC is equal to MSB at the market equilibrium. 0 There is still more Bluen tuna available to catch. 0 MSC is greater than MSB at the market equilibrium. 0 MSB is greater than MSC at the market equilibrium. D Resources E Feedback m Xx Price per pound $100 90 80 70 60 50 40 30 20 10 Demand = MSB 012345678910 Number of pounds (in thousands)
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