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    Microeconomics Study Set 51
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    Exam 17: Market Failure: Externalities, Public Goods, and Asymmetric Information
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    Exhibit 30-1 ​ Refer to Exhibit 30-L. If the Exhibit Represents a Negative
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Exhibit 30-1 ​ Refer to Exhibit 30-L. If the Exhibit Represents a Negative

Question 99

Question 99

Multiple Choice

Exhibit 30-1 ​
Exhibit 30-1 ​   Refer to Exhibit 30-l. If the exhibit represents a negative externality situation, the private cost of expanding output from Q<sub>2</sub> to Q<sub>1</sub> is the area of A) ABC. B) Q<sub>2</sub>BCQ<sub>1</sub>. C) Q<sub>2</sub>BAQ<sub>1</sub>. D) Q<sub>2</sub>EAQ<sub>1</sub>.
Refer to Exhibit 30-l. If the exhibit represents a negative externality situation, the private cost of expanding output from Q2 to Q1 is the area of


A) ABC.
B) Q2BCQ1.
C) Q2BAQ1.
D) Q2EAQ1.

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