Remaining Time: 1 hour, 51 minutes, 49 seconds . Question Completion Status QUESTION 6 Note: No referencing is required for short answer questions. Examine the following graph of a market for coal, which shows the marginal private cout (MPCT: marginal social cost (MSC), marginal private benefit (MPB) and marginal social benefit (MSB). N us Price (S) N O 0 Output (tonnes) -MPB MSB -MPC -MSC Assuming this market were free from government intervention explain whether this market is allocating society's resources efficiently. In your answer, make reference to the concepts of externalities and total economic welfare. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I Y S Paragraph v Open Sans,sa... 10pt EV EV A Ly I X G B Q 6 2 FEE