Question: Question 7 : Table: begin { tabular } { | c | c | c | c | } hline Quantity & Private

Question 7:
Table:
\begin{tabular}{|c|c|c|c|}
\hline Quantity & Private Cost & Private Value & Social Value \\
\hline 1 & 5 & 25 & 35\\
\hline 2 & 10 & 20 & 30\\
\hline 3 & 15 & 15 & 25\\
\hline 4 & 20 & 10 & 20\\
\hline 5 & 25 & 5 & 15\\
\hline 6 & 30 & 0 & 20\\
\hline
\end{tabular}
Refer to the table. What is the socially optimal level of output in this market?
X
a.4 units
b.2 units
c.3 units
d.5 units
Question 7 : Table: \ begin { tabular } { | c | c

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