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    Microeconomics Study Set 32
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    Exam 17: Externalities and Public Goods
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    Use the Following to Answer Question
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Use the Following to Answer Question

Question 70

Question 70

Multiple Choice

Use the following to answer question:
Figure 17.4 Use the following to answer question: Figure 17.4   -(Figure 17.4)  The output level under perfect competition is _____, while the socially optimal output level is _____. A)  4; 3 B)  4; 5 C)  2; 4 D)  4; 6
-(Figure 17.4) The output level under perfect competition is _____, while the socially optimal output level is _____.


A) 4; 3
B) 4; 5
C) 2; 4
D) 4; 6

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