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Figure 10-4 -Refer to Figure 10-4.At Q₃

Question 407

Multiple Choice

Figure 10-4
Figure 10-4 -Refer to Figure 10-4.At Q₃ A) the marginal consumer values this product less than the social cost of producing it. B) every consumer values this product less than the social cost of producing it. C) the cost to society is equal to the value to society. D) the marginal consumer values this product more than the private cost.
-Refer to Figure 10-4.At Q₃


A) the marginal consumer values this product less than the social cost of producing it.
B) every consumer values this product less than the social cost of producing it.
C) the cost to society is equal to the value to society.
D) the marginal consumer values this product more than the private cost.

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