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    Public Finance and Public Policy
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    Exam 8: Cost-Benefit Analysis
  5. Question
    If an Input Is Sold in a Perfectly Competitive Market,its
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If an Input Is Sold in a Perfectly Competitive Market,its

Question 22

Question 22

Multiple Choice

If an input is sold in a perfectly competitive market,its price is equal to its:


A) average cost.
B) opportunity cost.
C) cost-benefit ratio.
D) cash flow premium.

Correct Answer:

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