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Use the Figure Below to Answer the Following Questions

Question 11

Multiple Choice

Use the figure below to answer the following questions. Use the figure below to answer the following questions. Figure 15.2.1 -Refer to Figure 15.2.1.The figure shows the marginal private cost curve,the marginal social cost curve and the market demand curve of a mining firm.If the market is unregulated,then the price is A) P<sub>1</sub>. B) P<sub>4</sub>. C) below P<sub>1</sub>. D) P<sub>2</sub>. E) P<sub>3</sub>. Figure 15.2.1
-Refer to Figure 15.2.1.The figure shows the marginal private cost curve,the marginal social cost curve and the market demand curve of a mining firm.If the market is unregulated,then the price is


A) P1.
B) P4.
C) below P1.
D) P2.
E) P3.

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