Ans) the correct option is c) government must have imposed a corrective tax to guide the market to that outcome.
The graph shows few negative externality which can be corrected by the imposition of tax. At social optimum, demand = social cost
need help asap!!! Mets 31. Chapter mat Section 10 Pr o MC MAN Figure . On the graph sepse the quantity of plastic...
need help asap!!! 39. Chapter mazpe08r, Section 142, Problem 025 (ID: 025.14.2 - MC - MANK08) Table 14-7 Suppose that a firm in a competitive market faces the following revenues and costs: Marginal Varginal Revenue Quantity Cost $7.50 $7.50 |$7.50 $7.50 $7.50 $7.50 SIO Refer to Table 14-7. If the firm is maximizing profit, how much profit is it earning? 50.50 b. $7.50 c. $10 d. There is insufficient data to determine the firm's profit.