Given the both answer.. OO00According to the above graph, what is the inefficient market equilibrium quantity?300400500600700 PriceSS.0045.0040.0035.00S-Mgnal Pe Cat25.0020.00Marginal Social mt15.0010.005.00D-Marginal riate nd100 200 300 00 s00 0 700 00 QunttyThe graph above illustrates an industry that generatesexternal (spillover) benefits.external (spillover) costs.no externalities.economies of scale.

The presence of externality leads to spill over costs or benefits to the third-party who is not…

Price S.00 45.00 40.00 35.00 S-Mgnal Pe Ca 30.00 25.00 2000 Marginal Sacial Bne 15.00 10.00 5.00 D-Marginal Prate endi 100 200 300 00 s00 0 700 00 Quntty The graph above illustrates an industry that generates external (spillover) benefits. external (spillover) costs. no externalities. economies of scale.

Price S.00 45.00 40.00 35.00 S-Mgnal Pe Ca 30.00 25.00 2000 Marginal Sacial Bne 15.00 10.00 5.00 D-Marginal Prate endi 100 200 300 00 s00 0 700 00 Quntty The graph above illustrates an industry that generates external (spillover) benefits. external (spillover) costs. no externalities. economies of scale.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Consumers, Producers, And The Efficiency Of Markets

Section: Chapter Questions

Problem 5QR

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