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    Principles of Microeconomics
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    Exam 12: General Equilibrium and the Efficiency of Perfect Competition
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    If at the Current Output of X the P<sub>X</sub> >
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If at the Current Output of X the PX >

Question 191

Question 191

Multiple Choice

If at the current output of X the PX > MCX, then society gains by


A) producing more X.
B) producing less X.
C) raising the price of X.
D) increasing the cost of producing X.

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