Question: If you are unable to view the graph: It is a Demand, Private Cost, and Social Cost graph. The Social Cost is higher than the

 If you are unable to view the graph: It is a

If you are unable to view the graph: It is a Demand, Private Cost, and Social Cost graph. The Social Cost is higher than the Private Cost. Private Cost (P,Q): (0,0); ($10, 300); ($22, 550). Social Cost (P,Q): ($28, 0); ($38, 300). Demand (P,Q): ($22, 550); ($38, 300), ($55,0). Price $55 Social Cost $38 Private Cost $28 $22 $10 Demand 0 300 550 Quantity What is the socially optimal price? O $22 O $28 O $38 O $55 O $10

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