Accessible description. The figure indicates price is on the…
Accessible description. The figure indicates price is on the y-axis (dollars per ton of paper) and quantity on the x-axis (tons of paper per week). The demand curve slopes downward, and two points lie along the demand curve (100, 150) and (200, 100). The Marginal Social Cost curve slopes upward, and two points lie along the MSC curve (0, 0) and (100, 150). The Marginal Cost curve is upward sloping, and three points lie along the MC curve (0, 0), (100, 50) and (200, 100). The MSC and the MC intersect the demand curve at (100, 150) and (200, 100). The demand curve is also labeled the marginal benefit curve. f1q76g1.jpg If the government regulates the market in the above figure in a way to achieve efficiency, then ________ tons of paper will be produced and consumed.