Table 10-1 Quantity (Units) Private Value (Dollars) Private Cost (Dollars) External Cost (Dollars) 1 28 16 4 2 26 18 4 3 24 20 4 4 22 22 4 5 20 24 4 6 18 26 4 7 16 28 4 Refer to Table 10-1. What is the equilibrium quantity of output in the market? Group of answer choices 3 units 2 units 5 units 4 units
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Table 10-1
|
Quantity (Units) |
Private Value (Dollars) |
Private Cost (Dollars) |
External Cost (Dollars) |
| 1 | 28 | 16 | 4 |
| 2 | 26 | 18 | 4 |
| 3 | 24 | 20 | 4 |
| 4 | 22 | 22 | 4 |
| 5 | 20 | 24 | 4 |
| 6 | 18 | 26 | 4 |
| 7 | 16 | 28 | 4 |
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