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    Exam 31: Market Failure: Externalities, Public Goods, and Asymmetric Information
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    Exhibit 31-3 -Refer to Exhibit 31-3.The Government Issues Two Pollution Permits to Two
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Exhibit 31-3 -Refer to Exhibit 31-3.The Government Issues Two Pollution Permits to Two

Question 180

Question 180

Multiple Choice

Exhibit 31-3
Exhibit 31-3    -Refer to Exhibit 31-3.The government issues two pollution permits to each firm.Firm C will pay up to __________ to buy a permit from Firm A or B. A)  $2,200 B)  $1,000 C)  $600 D)  $500
-Refer to Exhibit 31-3.The government issues two pollution permits to each firm.Firm C will pay up to __________ to buy a permit from Firm A or B.


A) $2,200
B) $1,000
C) $600
D) $500

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