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In the Figure Given Below,D1 and S1 Are the Private

Question 38

Multiple Choice

In the figure given below,D1 and S1 are the private demand and supply curves,of a commodity produced by a competitive firm.S2 reflects the social marginal cost of production,while S0 represents the external marginal cost. In the figure given below,D<sub>1</sub> and S<sub>1</sub> are the private demand and supply curves,of a commodity produced by a competitive firm.S<sub>2</sub> reflects the social marginal cost of production,while S<sub>0</sub> represents the external marginal cost. -According to Figure 20-1,the efficient output is ______ than the equilibrium output by _____ units. A) more;400 B) less;400 C) more;100 D) less;200
-According to Figure 20-1,the efficient output is ______ than the equilibrium output by _____ units.


A) more;400
B) less;400
C) more;100
D) less;200

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