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Refer to the Figure Below

Question 38

Multiple Choice

Refer to the figure below. At the private market equilibrium quantity, the marginal cost of the last unit produced is ______ the social marginal benefit of the last unit produced. Refer to the figure below. At the private market equilibrium quantity, the marginal cost of the last unit produced is ______ the social marginal benefit of the last unit produced. A) equal to B) greater than C) less than D) more important than


A) equal to
B) greater than
C) less than
D) more important than

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