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    Microeconomics A Contemporary Introduction Study Set 1
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    Exam 17: Externalities and the Environment
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    Exhibit 17-1 in Exhibit 17-1, the Equilibrium Level of Output
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Exhibit 17-1 in Exhibit 17-1, the Equilibrium Level of Output

Question 198

Question 198

Multiple Choice

Exhibit 17-1 Exhibit 17-1   In Exhibit 17-1, the equilibrium level of output determined by private decisions is A) 0 units B) 100 units C) between 100 and 160 units D) 160 units E) the answer cannot be determined from the information given In Exhibit 17-1, the equilibrium level of output determined by private decisions is


A) 0 units
B) 100 units
C) between 100 and 160 units
D) 160 units
E) the answer cannot be determined from the information given

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