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    Principles of Microeconomics
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    Exam 10: Externalities.
  5. Question
    Figure 10-11 -Refer to Figure 10-11.On the
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Figure 10-11 -Refer to Figure 10-11.On the

Question 261

Question 261

Multiple Choice

Figure 10-11
Figure 10-11    -Refer to Figure 10-11.On the A)  260th unit of output, private value exceeds private cost. B)  260th unit of output, private value exceeds external value. C)  300th unit of output, private value exceeds social value. D)  300th unit of output, private cost exceeds social value.
-Refer to Figure 10-11.On the


A) 260th unit of output, private value exceeds private cost.
B) 260th unit of output, private value exceeds external value.
C) 300th unit of output, private value exceeds social value.
D) 300th unit of output, private cost exceeds social value.

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