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Use the Figure Below to Answer the Following Questions

Question 21

Multiple Choice

Use the figure below to answer the following questions. Use the figure below to answer the following questions. Figure 15.3.1 -Refer to Figure 15.3.1.The figure shows the marginal private benefit curve,the marginal social benefit curve,and the market supply curve.If production is left to the private market,then the price is A) P<sub>1</sub>. B) P<sub>3</sub>. C) P<sub>2</sub>. D) greater than P<sub>4</sub>. E) P<sub>4</sub>. Figure 15.3.1
-Refer to Figure 15.3.1.The figure shows the marginal private benefit curve,the marginal social benefit curve,and the market supply curve.If production is left to the private market,then the price is


A) P1.
B) P3.
C) P2.
D) greater than P4.
E) P4.

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