Multiple Choice
Figure 10-11
-Refer to Figure 10-11.On the
A) 260th unit of output, private value exceeds private cost.
B) 260th unit of output, private value exceeds external value.
C) 300th unit of output, private value exceeds social value.
D) 300th unit of output, private cost exceeds social value.
Correct Answer:
Verified
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