Multiple Choice
Figure 10-11
-Refer to Figure 10-11. On the
A) 390th unit of output, private value exceeds private cost.
B) 390th unit of output, private value exceeds external value.
C) 450th unit of output, private value exceeds social value.
D) 450th unit of output, private cost exceeds social value.
Correct Answer:

Verified
Correct Answer:
Verified
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