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Choose the statement that is correct. A. A production quota set below the equilibrium quantity is ineffective. B. Under an effective production quota, the marginal

Choose the statement that is correct. A. A production quota set below the equilibrium quantity is ineffective. B. Under an effective production quota, the marginal cost of production rises. C. A production quota set above the equilibrium quantity is inefficient. D. The supply of a farm crop is perfectly inelastic at the quantity permitted under the production quota

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