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    Modern Principles of Economics Study Set 2
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    Exam 10: Externalities: When the Price Is Not Right
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    Reference: Ref 10-1 (Table: Costs of Antibiotics) Refer to the Table
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Reference: Ref 10-1 (Table: Costs of Antibiotics) Refer to the Table

Question 37

Question 37

Multiple Choice

  Reference: Ref 10-1 (Table: Costs of Antibiotics)  Refer to the table. The market equilibrium quantity is ________ and the efficient equilibrium quantity is ________. A)  5; 1 B)  3; 4 C)  3; 2 D)  2; 5 Reference: Ref 10-1 (Table: Costs of Antibiotics) Refer to the table. The market equilibrium quantity is ________ and the efficient equilibrium quantity is ________.


A) 5; 1
B) 3; 4
C) 3; 2
D) 2; 5

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