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    Business
  3. Study Set
    Principles of Economics Study Set 8
  4. Exam
    Exam 10: Externalities
  5. Question
    Figure 10-4 -Refer to Figure 10-4, Graph (B) and Graph (C). the and Graph
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Figure 10-4 -Refer to Figure 10-4, Graph (B) and Graph (C). the and Graph

Question 123

Question 123

Multiple Choice

Figure 10-4
Figure 10-4    -Refer to Figure 10-4, Graph (b)  and Graph (c) . The overuse of antibiotics leads to the development of antibiotic-resistant diseases. Therefore, the external cost of antibiotic overuse is represented by A) Q<sub>3</sub> − Q<sub>2</sub>. B) Q<sub>5</sub> − Q<sub>4</sub>. C) P<sub>3a</sub> − P<sub>3b</sub>. D) P<sub>4a</sub> − P<sub>4b</sub>.
-Refer to Figure 10-4, Graph (b) and Graph (c) . The overuse of antibiotics leads to the development of antibiotic-resistant diseases. Therefore, the external cost of antibiotic overuse is represented by


A) Q3 − Q2.
B) Q5 − Q4.
C) P3a − P3b.
D) P4a − P4b.

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