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The Height of the Market Supply Curve

Question 75

Multiple Choice

The height of the market supply curve


A) at any quantity shows the value -- to someone -- of the last unit of the good consumed
B) at any quantity shows the cost -- to someone -- of purchasing the last unit of the good
C) at any quantity shows the marginal cost of producing the last unit of a good
D) shows the market value of a good or service
E) measures the size of the side payment necessary to achieve a Pareto improvement

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