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The Socially Optimal Price and Output Combination in Figure 27

Question 88

Multiple Choice

The socially optimal price and output combination in Figure 27.1 is A) P<sub>4</sub>, Q<sub>4</sub>. B) P<sub>0</sub>, Q<sub>1</sub>. C) P<sub>3</sub>, Q<sub>3</sub>. D) P<sub>1</sub>, Q<sub>1</sub>. The socially optimal price and output combination in Figure 27.1 is


A) P4, Q4.
B) P0, Q1.
C) P3, Q3.
D) P1, Q1.

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