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-The Figure Above Shows the Market for Private Elementary School

question 152

Multiple Choice

  -The figure above shows the market for private elementary school education in Chicago.There is no external cost of private elementary education.If the marginal social benefit of private elementary education equaled the marginal social cost,the deadweight loss in Chicago's private education market would equal A)  0. B)  $800,000. C)  $1,600,000. D)  more than $1,600,000. E)  more than $800,000 and less than $1,600,000.
-The figure above shows the market for private elementary school education in Chicago.There is no external cost of private elementary education.If the marginal social benefit of private elementary education equaled the marginal social cost,the deadweight loss in Chicago's private education market would equal

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Definitions:

NCI Adjustment

Adjustments made to account for the non-controlling interest's share in the equity of a subsidiary.

Profit

The financial benefit realized when revenue generated from business activities exceeds the expenses and costs.

Indirect NCI

Is a concept related to non-controlling interest (NCI) that involves the indirect ownership stake of a parent company in a subsidiary through its interest in another subsidiary.

Direct NCI

Refers to the non-controlling interest that is directly attributable to a parent company's ownership in a subsidiary.

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