State the neoclassical normative position on competitive markets. Does it produce the 'right' amount of goods? Does it go to the "right" people? If so, what does "right" mean in these contexts?

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1)Draw a supply and demand graph for apples. Assume the equilibrium quantity of apples is 100. Assume the equilibrium price is $5.

2)Which of the two curves reflects the marginal benefit of the apples to society? Explain why.