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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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    Figure: Market for Vaccines Reference: Ref 10-5 (Figure: Market
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Figure: Market for Vaccines Reference: Ref 10-5 (Figure: Market

Question 56

Question 56

Multiple Choice

Figure: Market for Vaccines Figure: Market for Vaccines   Reference: Ref 10-5 (Figure: Market for Vaccines)  The figure represents the market for vaccines with external benefits. The external ________ of vaccination is ________. A)  cost; $15 B)  cost; $10 C)  benefit; $20 D)  benefit; $5 Reference: Ref 10-5 (Figure: Market for Vaccines) The figure represents the market for vaccines with external benefits. The external ________ of vaccination is ________.


A) cost; $15
B) cost; $10
C) benefit; $20
D) benefit; $5

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