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    Microeconomics Study Set 23
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    Exam 18: Externalities and Public Goods
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    Figure 18.1.1 -Refer to Figure 18.1.1. the Competitive Level of Output in Output
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Figure 18.1.1 -Refer to Figure 18.1.1. the Competitive Level of Output in Output

Question 38

Question 38

Multiple Choice

  Figure 18.1.1 -Refer to Figure 18.1.1. The competitive level of output in the industry is: A)  Q<sub>1</sub>. B)  Q<sub>2</sub>. C)  Q<sub>3</sub>. D)  any level as long as price is P<sub>0</sub>. Figure 18.1.1
-Refer to Figure 18.1.1. The competitive level of output in the industry is:


A) Q1.
B) Q2.
C) Q3.
D) any level as long as price is P0.

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