Gold Market: Illustrating Market Equilibrium vs Social Optimum
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Gold Market: Market Equilibrium vs Social Optimum

Prompt

Create a detailed graphic illustration showing the relationship between market equilibrium and social optimum in the gold market. The graph should clearly illustrate linear supply and demand curves. Also indicate the social cost curve and explain its functional form. Highlight the gap between the supply curve and social cost to show the divergence between market outcome and social optimum.

Created on 3/11/2024 using DALL-E 3 modelReport
License: Free to use with a backlink to Easy-Peasy.AI

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