Sellers in which of the following market structures are likely to have the highest market power?

The above figure shows the marginal social benefit, marginal private cost and marginal social cost of producing steel. If the market is competitive and unregulated, how much steel will be produced?

A) 0 tons B) 2 tons C) 4 tons D) 8 tons

Refer to Figure 9-5. The tariff causes domestic consumption of coffee

A) to fall by 7 million pounds. B) to rise by 6 million pounds. C) to fall by 27 million pounds. D) to rise by 20 million pounds.