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Author Question: The diagram below shows demand and supply curves for some perfectly competitive market.FIGURE ... (Read 90 times)

Aimless0988

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The diagram below shows demand and supply curves for some perfectly competitive market.



FIGURE 16-2

Refer to Figure 16-2. Suppose the marginal benefit curve (MB) includes all social benefits and there is a negative externality in production. In this case, ________ for allocative efficiency.


◦ the price P1 is appropriate but the quantity Qis too low
◦ the price P1 is too high and the quantity Qis too low
◦ the price P1 is too low and the quantity Qis too high
◦ the price P1 is appropriate but the quantity Qis too high
◦ P1 and Qare appropriate


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Marked as best answer by Aimless0988 on Oct 12, 2022

spicyzack

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Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Aimless0988

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Reply 2 on: Oct 12, 2022
Excellent


mcarey591

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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