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The diagram below (not drawn to scale) depicts the competitive market of farmed unicorns, which the government wants to regulate with a quota system (because

The diagram below (not drawn to scale) depicts the competitive market of farmed unicorns, which the government wants to regulate with a quota system (because unicorns emit too much methane). Under the quota system, a unicorn farmer must obtain one permit for each unicorn raised. The government plans to sell 150 permits. How much revenue can the government collect from selling the permits?

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The diagram below (not drawn to scale) depicts the competitive market of farmed unicorns, which the government wants to regulate with a quota system (because unicorns emit too much methane). Under the quota system, a unicom farmer must obtain one permit for each unicorn raised. The government plans to sell 150 permits. How much revenue can the government collect from selling the permits? Price ($) S 8 5 4 Quantity 150 200 O $150 O $450 O $600 O $800

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