In the graph, X-axis depicts "Quantity (millions of students per year)" ranging from 0 to 25 in increments of 5. Y-axis denotes "Price and cost (thousands of dollars per year)" on the Y-axis ranging from 0 to 40 in the increments of 5. It shows market equilibrium, marginal social benefit, marginal cost, efficient quantity, and deadweight loss. There are three intersecting lines namely “S equals MC” with an upward slope, “D equals MB” with a downward slope, and “MSB” with a downward slope. “S equals MC” intersects “D equals MB” at coordinates (7.5, 15) and is labeled 1: market equilibrium and intersects “MSB” at coordinates (15, 25). The shaded area formed by three coordinates (7.5, 15), (15, 25), and (7.5, 38) represents the deadweight loss. ...
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