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Refer to the Diagram

Question 147

Multiple Choice

Refer to the diagram. If actual production and consumption occur at Q<sub>2</sub>, A) efficiency is achieved. B) an efficiency loss (or deadweight loss) of a + b + c + d occurs. C) an efficiency loss (or deadweight loss) of a + c occurs. D) an efficiency loss (or deadweight loss) of e + f occurs. Refer to the diagram. If actual production and consumption occur at Q2,


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

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