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    Exam 19: Externalities and the Environment
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    Exhibit 17-1 -In Exhibit 17-1,the Amount by Which the Total Social Cost
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Exhibit 17-1 -In Exhibit 17-1,the Amount by Which the Total Social Cost

Question 6

Question 6

Multiple Choice

Exhibit 17-1 Exhibit 17-1   -In Exhibit 17-1,the amount by which the total social cost of producing the private equilibrium level of output exceeds the total social benefit is A) $300 B) $50 C) $5,000 D) $1,600 E) $8,000
-In Exhibit 17-1,the amount by which the total social cost of producing the private equilibrium level of output exceeds the total social benefit is


A) $300
B) $50
C) $5,000
D) $1,600
E) $8,000

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