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    Exam 3: Modeling Market Failure
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    If MSC = 40
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If MSC = 40

Question 44

Question 44

True/False

If MSC = 40.0 + 0.25Q, and MPC = 40.0 + 0.14Q, then production is associated with an externality specified as MEC = 40.0 + 0.36Q.

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