The graph shows the market for pesticide.The firm that produces the pesticide dumps waste into a river.If no one owns the river, the market equilibrium occurs at a price ofton and a quantity oftons a week.OA. $150; 4,000OB. $850; 8,000OC. $250; 8,000OD. $450; 4,000The market equilibrium isinefficientefficientClick to select your answer.a1000Price and cost (dollars per ton)1850800-600-400-4501250200-150:4:88MSCS=MCD=MB1012

In economics, market equilibrium is a situation in which economic forces such as supply and demand…

The graph shows the market for pesticide. The firm that produces the pesticide dumps waste into a river. no one owns the river, the market equilibrium occurs at a price of on and a quantity of_____ tons a week. A. $150; 4,000 B. $850; 8,000 OC. $250; 8,000 OD. $450; 4,000 The market equilibrium is inefficient a 1000 800- 600- 400- 200- Price and cost (dollars per ton) 850 450 250 150 MSC S=MC D=MB

The graph shows the market for pesticide. The firm that produces the pesticide dumps waste into a river. no one owns the river, the market equilibrium occurs at a price of on and a quantity of_____ tons a week. A. $150; 4,000 B. $850; 8,000 OC. $250; 8,000 OD. $450; 4,000 The market equilibrium is inefficient a 1000 800- 600- 400- 200- Price and cost (dollars per ton) 850 450 250 150 MSC S=MC D=MB

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 8PA

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