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Refer to the Graph Below

Question 109

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Refer to the graph below.Assume that curve II represents marginal private cost and curve IV represents marginal private benefit. Refer to the graph below.Assume that curve II represents marginal private cost and curve IV represents marginal private benefit. If there are no externalities,the competitive equilibrium price will be __________ per unit and the competitive equilibrium quantity will be ________ units. A) $6.80;400 B) $6;600 C) $5.10;300 D) $4;400 E) $4;600 If there are no externalities,the competitive equilibrium price will be __________ per unit and the competitive equilibrium quantity will be ________ units.


A) $6.80;400
B) $6;600
C) $5.10;300
D) $4;400
E) $4;600

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