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(Figure: External Marginal Cost III) Which of the Following Statements

Question 60

Multiple Choice

(Figure: External Marginal Cost III) Which of the following statements is (are) TRUE? (Figure: External Marginal Cost III) Which of the following statements is (are) TRUE? I. The socially optimal quantity is 3. II) The deadweight loss associated with the perfectly competitive output level is $4.50. III) The external marginal cost is $6. A) I, II, and III B) I C) I and II D) II and III I. The socially optimal quantity is 3.
II) The deadweight loss associated with the perfectly competitive output level is $4.50.
III) The external marginal cost is $6.


A) I, II, and III
B) I
C) I and II
D) II and III

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