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(S)
Price
P₁
----------
P₁₂ -----------
Q₁
Q,
S-MSC=MPC
D=MPB
Quantity
Which of the following identifies the socially optimal output and price level?
O P1 and Q1
P1 and Q3
OP2 and Q2
O P₂ and Q3
P2 and Q4
MSB

S Price P P Q Q SMSCMPC DMPB Quantity Which of the following identifies the socially optimal output and price level O P1 and Q1 P1 and Q3 OP2 and Q2 O P and Q3 class=


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