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The Socially Optimal Price and Output Combination in Figure 27

Question 98

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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