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Use the Following Diagram to Answer the Following Questions

Question 2

Multiple Choice

Use the following diagram to answer the following questions.
Use the following diagram to answer the following questions. -Refer to Diagram 4-3. In the above diagram, if the external costs are internalized (accounted for) , the efficient price and quantity will be A) Q₁ and P₁ B) Q₁ and P₂ C) Q₂ and P₁ D) Q₂ and P₂
-Refer to Diagram 4-3. In the above diagram, if the external costs are internalized (accounted for) , the efficient price and quantity will be


A) Q₁ and P₁
B) Q₁ and P₂
C) Q₂ and P₁
D) Q₂ and P₂

Correct Answer:

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