Refer to Scenario 16.1 below to answer the question(s) that follow. SCENARIO 16.1: The marginal benefit for a particular food is described by MB = 30 - q, where q refers to the quantity of the food. The marginal cost of producing the food is described by MC = 2q. There is a negative externality associated with food production and the marginal social cost of food production is MSC = 4q.Refer to Scenario 16.1. The competitive output level is ________ and the competitive price is ________.
A. 6 units of food; $24
B. 4.29 units of food; $25.71
C. 10 units of food; $20
D. 0 units of food; $0
Answer: C
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