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    Principles of Economics Study Set 2
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    Exam 10: Externalities
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    Graph 10-1 -Refer to Graph 10-1. Which Price and Quantity Combination Represents
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Graph 10-1 -Refer to Graph 10-1. Which Price and Quantity Combination Represents

Question 54

Question 54

Multiple Choice

Graph 10-1
Graph 10-1    -Refer to Graph 10-1. Which price and quantity combination represents the social optimum? A)  P<sub>1</sub>, Q<sub>1</sub> B)  P<sub>2</sub>, Q<sub>1</sub> C)  P<sub>1</sub>, Q<sub>2</sub> D)  P<sub>2</sub>, Q<sub>2</sub>
-Refer to Graph 10-1. Which price and quantity combination represents the social optimum?


A) P1, Q1
B) P2, Q1
C) P1, Q2
D) P2, Q2

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