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The numbers on the graphic are 100 and 160 if you aren't able to see it, thank you! Use this figure for questions 12-13 private

The numbers on the graphic are 100 and 160 if you aren't able to see it, thank you!

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Use this figure for questions 12-13 private MC Price (equals MRJ Price or Cost (dollars per unit) 100 Quantity Question 12 Not yet answered Points out of 1.00 P Flag question In above, there are no external costs, the rate of output will be Select one: )a. Less than 100 units. Ob 100 units. Oc. 160 units. Od. Greater than 160 units. Question 13 Not yet answered Points out of 1.00 Flag question In figure above, if the rate of output is 160 units: Select one Q)a. Social costs exceed private costs. )b. There is market failure O)c Pollution costs (for example) are external O. All of the above

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