The graph shows the market for North Atlantic tuna. Price and cost (dollars per ton) What is the quantity of tuna that fishers catch and the price of tuna? MSC 300 Is there overfishing? Why or why not? 250- If the stock of tuna is used efficiently, what would be the price of fish? 200- MC The quantity of tuna caught is tons a month and the price of tuna is $ a ton. 150 The tuna stock is being used because at the equilibrium quantity 100 O A. efficiently, marginal private cost equals marginal social benefit 504 O B. inefficiently and overfishing is occurring, marginal social benefit exceeds marginal social cost O C. efficiently, marginal social benefit equals marginal social cost MSB O D. inefficiently and overfishing is occurring; the quantity produced is less than the quantity at which marginal 40 80 120 160 social cost equals marginal social benefit Quantity (tons per month) O E. inefficiently and overfishing is occurring, marginal social cost exceeds marginal social benefit When the tuna stock is used efficiently, the price of tuna is $ a ton