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The graph shows the market for pesticide. Price and cost (dollars per ton) 10007 The firm that produces the pesticide dumps waste into a river.
The graph shows the market for pesticide. Price and cost (dollars per ton) 10007 The firm that produces the pesticide dumps waste into a river. MSC If no one owns the river, what is the market equilibrium? 1850 800- Is the market equilibrium efficient? a ton 600- If no one owns the river, the market equilibrium occurs at a price of and a quantity of tons a week. O A. $150; 4,000 1450 400- O B. $250; 8,000 S = MC O C. $850; 8,000 1250 200-150 OD. $450; 4,000 D = MB The market equilibrium quantity is 8 12 10 Quantity (thousands of tons per week) O A. inefficient and less than the efficient quantity OB. efficient O c. inefficient because marginal social cost is greater than marginal social private cost OD. inefficient and greater than the efficient quantity The graph shows the market for pesticide. Price and cost (dollars per ton) 10007 The firm that produces the pesticide dumps waste into a river. MSC If no one owns the river, what is the market equilibrium? 1850 800- Is the market equilibrium efficient? a ton 600- If no one owns the river, the market equilibrium occurs at a price of and a quantity of tons a week. O A. $150; 4,000 1450 400- O B. $250; 8,000 S = MC O C. $850; 8,000 1250 200-150 OD. $450; 4,000 D = MB The market equilibrium quantity is 8 12 10 Quantity (thousands of tons per week) O A. inefficient and less than the efficient quantity OB. efficient O c. inefficient because marginal social cost is greater than marginal social private cost OD. inefficient and greater than the efficient quantity
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