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  3. Study Set
    ECON MICRO
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    Exam 16: Public Goods and Public Choice
  5. Question
    Payments Higher Than Necessary to Call Forth a Resource Are
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Payments Higher Than Necessary to Call Forth a Resource Are

Question 169

Question 169

Multiple Choice

Payments higher than necessary to call forth a resource are known as _____


A) profits.
B) rents.
C) consumer surplus.
D) opportunity costs.
E) subsidies.

Correct Answer:

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