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Figure 15.3 -Refer to Figure 15.3.At the Competitive Market Equilibrium, What Is

Question 114

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Figure 15.3 Figure 15.3 -Refer to Figure 15.3.At the competitive market equilibrium, what is true for the last unit produced? A) The size of the external benefit is P<sub>m</sub><sub> </sub>- P<sub>o</sub>. B) The size of the external cost is P<sub>m</sub><sub> </sub>- P<sub>o</sub>. C) The size of the external cost is P<sub>n</sub><sub> </sub>- P<sub>o</sub>. D) The size of the external benefit is P<sub>n</sub><sub> </sub>- P<sub>o</sub>.
-Refer to Figure 15.3.At the competitive market equilibrium, what is true for the last unit produced?


A) The size of the external benefit is Pm - Po.
B) The size of the external cost is Pm - Po.
C) The size of the external cost is Pn - Po.
D) The size of the external benefit is Pn - Po.

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