Could someone please help me with the following question? The graph shows the ma

Question

Could someone please help me with the following question?

The graph shows the market for peanuts. The equilibrium price of peanuts is $ a pound and the equilibrium quantity of peanuts is billion pounds. The market for peanuts is inefficient only if the cost of growing all the peanuts is an average of $6.00 a pound efficient because the benefit from each pound of peanuts consumed equals the cost of growing it efficient because the marginal benefit from peanuts equals the marginal cost of producing them, which is $6.00 a pound inefficient because growers of peanuts receive a large producer surplus efficient only if the total benefit from the peanuts equals $6.00 a pound

Explanation / Answer

The equlibrium price of peanuts is $6 a pound and the equlibrium quantity of peanuts is 8 billion pounds.

option c is correct.

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