According to your graph:
A. social cost exceeds the social benefit at the private market equilibrium.
B. social benefit exceeds the social cost at the private market equilibrium.
C. social benefit exceeds the private benefit at the private market equilibrium.
D. private cost exceeds the private benefit at the private market equilibrium.
Answer:A
According to your graph:
A. social cost exceeds the social benefit at the private market equilibrium. B. social benefit exceeds the social cost at the private market equilibrium. C. social benefit exceeds the private benefit at the private market equilibrium. D. private cost exceeds the private benefit at the private market equilibrium.