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-The Above Figure Shows the Market for Steel Ingots

Question 24

Multiple Choice

  -The above figure shows the market for steel ingots.What is the change in externality cost if the market switches from competitive equilibrium to social optimum? A) a + b B) b + c C) c D) a + b + c
-The above figure shows the market for steel ingots.What is the change in externality cost if the market switches from competitive equilibrium to social optimum?


A) a + b
B) b + c
C) c
D) a + b + c

Correct Answer:

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