Using the table below, answer the question.

Quantity
Marginal private cost ($)
Marginal private benefit ($)
Marginal social benefit ($)

500
10
14
16

550
11
13
15

600
12
12
14

650
13
11
13

700
14
10
12

4. The table represents the market for a good with
a. only an external cost.
b. only an external benefit.
c. both external costs and benefits.
d. no externalities.

Question

Using the table below, answer the question. 



              Quantity
   Marginal private cost ($)
    Marginal private benefit ($)
     Marginal social benefit ($)


              500
                   10
                     14
                     16


              550
                   11
                     13
                     15


              600
                   12
                     12
                     14


              650
                   13
                     11
                     13


              700
                   14
                     10           
                     12



 
4. The table represents the market for a good with
a. only an external cost.
b. only an external benefit.
c. both external costs and benefits.
d. no externalities.

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Quantity	Marginal private cost ($)	Marginal private benefit ($)	Marginal social benefit ($)
500	10	14	16
550	11	13	15
600	12	12	14
650	13	11	13
700	14	10	12

Qunatity	Marginal private cost ($)	Marginal private benefit ($)	Marginal social benefit ($)
500	10	14	16
550	11	13	15
600	12	12	14
650	13	11	13
700	14	10	12