Please answer this question and explain ur answer/numbers. T
Please answer this question and explain ur answer/numbers.
Thanks!
Q.
In a competitive market, the gains to society are maximized under which of the conditions described below by marginal benefit, marginal cost, producer surplus, and consumer surplus, respectively?
A) $2.50; $2.50; $35; $35.
B) $1.00; $1.00; $15; $15.
C) $1.50; $1.50; $45; $30. |