Note: No referencing is required for short answer questions. Examine the following graph of a market for coal, which sho

[answerhappygod]

Note No Referencing Is Required For Short Answer Questions Examine The Following Graph Of A Market For Coal Which Sho 1 (230.72 KiB) Viewed 40 times

Note: No referencing is required for short answer questions. Examine the following graph of a market for coal, which shows the marginal private cost (MPC), marginal social cost (MSC), marginal private benefit (MPB) and marginal social benefit (MSB). Price ($) 7 6 5 m 2 1 0 0 MPB Output (tonnes) MSB 2 MPC MSC 31 Assuming this market were free from government intervention, explain whether this market is allocating society's resources efficiently. In your answer, make reference to the concepts of externalities and total economic welfare. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I US Paragraph V Open Sans,sa... 10pt T XQ 2 == = 在 2 X