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-Refer to Figure 15-3

Question 32

Multiple Choice

-Refer to Figure 15-3. At the competitive market equilibrium, for the last unit produced, A) the size of the external cost is P<sub>m</sub><sub> </sub>- P<sub>o</sub>. B) the size of the external benefit is P<sub>m</sub><sub> </sub>- P<sub>o</sub>. C) the size of the external cost is P<sub>n</sub><sub> </sub>- P<sub>o</sub>. D) the size of the external benefit is P<sub>n</sub><sub> </sub>- P<sub>o</sub>.
-Refer to Figure 15-3. At the competitive market equilibrium, for the last unit produced,


A) the size of the external cost is Pm - Po.
B) the size of the external benefit is Pm - Po.
C) the size of the external cost is Pn - Po.
D) the size of the external benefit is Pn - Po.

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