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Refer to the Diagram

Question 119

Multiple Choice

Refer to the diagram. If actual production and consumption occur at Q3, A) efficiency is achieved. B) an efficiency loss (or deadweight loss) of e + f occurs. C) an efficiency loss (or deadweight loss) of a + b + c + d occurs. D) an efficiency loss (or deadweight loss) of a + c occurs. Refer to the diagram. If actual production and consumption occur at Q3,


A) efficiency is achieved.
B) an efficiency loss (or deadweight loss) of e + f occurs.
C) an efficiency loss (or deadweight loss) of a + b + c + d occurs.
D) an efficiency loss (or deadweight loss) of a + c occurs.

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