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Question
| Output/Hour | Private MC | Marginal Benefit | External Marginal Costs |
| 1 | $10 | $20 | 0.20 |
| 2 | 10.40 | 18.50 | 0.40 |
| 3 | 10.90 | 17 | 0.70 |
| 4 | 11.50 | 16.50 | 1.20 |
| 5 | 12.20 | 14.00 | 1.80 |
| 6 | 13.00 | 13.00 | 2.80 |
| 7 | 14.40 | 12.00 | 4.00 |
Use the above table. If the level of production was determined by the market, it would be
A) 4.
B) 5.
C) 6.
D) 7.
Answer
This answer is hidden. It contains 1 characters.
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