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Question 11

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Use the following to answer question:
Figure 17.2 Use the following to answer question: Figure 17.2   -(Figure 17.2)  Suppose the external marginal cost is constant at $5 per unit. Price (demand)  equals social marginal cost at output level: A) 3)  B) 7)  C) 6)  D)  4.
-(Figure 17.2) Suppose the external marginal cost is constant at $5 per unit. Price (demand) equals social marginal cost at output level:


A) 3)
B) 7)
C) 6)
D) 4.

Correct Answer:

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