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In Figure 28

Question 88

Multiple Choice

In Figure 28.1, if the rate of output is 320 units, A) Social costs exceed private costs. B) There is government failure. C) Pollution costs are internalized. D) Output is less than the socially optimal level. In Figure 28.1, if the rate of output is 320 units,


A) Social costs exceed private costs.
B) There is government failure.
C) Pollution costs are internalized.
D) Output is less than the socially optimal level.

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