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The Following Figure Shows the Private Cost and Social Cost

Question 9

Multiple Choice

The following figure shows the private cost and social cost of producing Good X.
The following figure shows the private cost and social cost of producing Good X. -Refer to the figure above.Social surplus will be maximized when the quantity supplied of Good X is ________. A) Q₁ units B) Q₂ units C) greater than Q₁ units D) greater than Q₂ units
-Refer to the figure above.Social surplus will be maximized when the quantity supplied of Good X is ________.


A) Q₁ units
B) Q₂ units
C) greater than Q₁ units
D) greater than Q₂ units

Correct Answer:

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