Use the following diagram of the market for product X to answer the question below. image Curve St embodies all costs (including externalities) and Dt embodies all benefits (including externalities) associated with the production and consumption of X. Assuming the market equilibrium output is Q1, we can conclude that the existence of external Question 23 options: A) benefits has resulted in an overallocation of resources to X. B) benefits has resulted in an underallocation of resources to X. C) costs has resulted in an overallocation of resources to X. D) costs has resulted in an underallocation of resources to X