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-In the Above Figure, Suppose the Quantity Produced Is 40

question 66

Multiple Choice

  -In the above figure, suppose the quantity produced is 40. Then A)  the marginal social cost of the 40th unit is $1. B)  production is not efficient because MSB > MSC. C)  the willingness to pay for the 40th unit is $2, the equilibrium price. D)  production is not efficient because MSC > MSB.
-In the above figure, suppose the quantity produced is 40. Then

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