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

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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.   -Refer to Figure 20-1.A comparison between the efficient outcome and the market equilibrium reveals that: A) the price level when the outcome is efficient is higher than the price at the market equilibrium by $30. B) the price level when the outcome is efficient is lower than the price at the market equilibrium by $10. C) the price level when the outcome is efficient is lower than the price at the market equilibrium by $40. D) the price level when the outcome is efficient is higher than the price at the market equilibrium by $20.
-Refer to Figure 20-1.A comparison between the efficient outcome and the market equilibrium reveals that:


A) the price level when the outcome is efficient is higher than the price at the market equilibrium by $30.
B) the price level when the outcome is efficient is lower than the price at the market equilibrium by $10.
C) the price level when the outcome is efficient is lower than the price at the market equilibrium by $40.
D) the price level when the outcome is efficient is higher than the price at the market equilibrium by $20.

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