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Refer to the diagram below, which illustrates the market for a good whose production results in a negative externality. Which area represents SOCIAL SURPLUS at

Refer to the diagram below, which illustrates the market for a good whose production results in a negative externality. Which area represents SOCIAL SURPLUS at the unregulated competitive equilibrium?

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MSC MPB S n MSB m V Q ? 6CADE O p . . . . . . . .. . . . . . . ... ...... ..... . ..... . .. . . .. . ..... ......0 ...... . ...... .... .. . .. .. . . .... .. I..... ... .... .. ... . prise 144 16 40 17 & % 1/4 1/2 5 2 P L T Y U G H

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