the figure shows the market for college education in the united states. if there is no external benefit from a college education adn the government does not intervene int he market, then the equilibrium tiution of college education is

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21-07-2022
Business

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the figure shows the market for college education in the united states. if there is no external benefit from a college education adn the government does not intervene int he market, then the equilibrium tiution of college education is

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Parrain Parrain · Answer 1 · 2022-07-26T20:25:05+02:00

If the government does not intervene in the market for college education and there is no external benefit, the equilibrium tuition would be $13,000.

What is the equilibrium tuition price?

There is no external benefit and the government does not intervene in the market.

This means that prices will be set by the demand and supply curves.

The price at the point where (S = MC) and ( D = MB) intersect is $13,000 so this is the equilibrium tuition cost of a college education price.

Find out more on equilibrium pricing at https://brainly.com/question/22569960

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