This test is run by .
Note that your final mark will not be saved in the system.
Note that your final mark will not be saved in the system.
Market failure and externalities Diagrams
Target Level
C
Running Total
0
0%
Attempt
1 of 3
Click on a top label, then click on its correct position on the diagram. Or, drag a top label and drop it onto the correct position. Position all the labels before clicking ‘Check’.
Private marginal benefit/social marginal benefit
Socially optimal level of output
External costs
Social marginal cost
Private marginal cost
Dead weight loss
