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    Business
  3. Study Set
    Microeconomics
  4. Exam
    Exam 11: Market Failure and Externalities
  5. Question
    -Refer to the Figure Above
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-Refer to the Figure Above

Question 47

Question 47

Multiple Choice

  -Refer to the figure above. This diagram represents the tobacco industry. The market creates an equilibrium price and quantity exchanged of A)  R19.00 and 38 units. B)  R18.00 and 35 units. C)  R16.00 and 42 units. D)  R13.50 and 58 units.
-Refer to the figure above. This diagram represents the tobacco industry. The market creates an equilibrium price and quantity exchanged of


A) R19.00 and 38 units.
B) R18.00 and 35 units.
C) R16.00 and 42 units.
D) R13.50 and 58 units.

Correct Answer:

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