-Refer to the Diagram Above

question 134

Multiple Choice

-Refer to the diagram above.When the external cost is included,the efficient equilibrium is at price ____________ and quantity _________________.

• A) P1;Q1
• B) P2;Q3
• C) P2;Q2
• D) P4;Q2
• E) P3;Q3

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Definitions:

Sociologists

Scientists who study society, social behaviors, patterns, and cultures.

Drinking Companions

Individuals with whom one shares the social activity of consuming alcohol, often in a casual or recreational setting.

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Outlying districts of a city or town, typically residential in nature and often characterized by lower population density than the urban core.

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