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Econ 460 Study Questions Fall 2013 MULTIPLE CHOICE. …
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) A monopoly might produce less than the socially optimal amount of pollution because 1) _____ A) it earns economic profit. B) it internalizes the external costs. C) it sets price above marginal cost. D) it likes to be a good citizen.
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