Economics 9708 · AS & A Level · 7.4

7.4 — practice question

The diagram illustrates the demand and supply for a good, together with the marginal social costs (MSC) of that good. If there are no external benefits, which area represents the net social benefit at output OQ?

  • Ax
  • Bx – y
  • Cx + y
  • Dx – y – z

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