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Figure 11.4.3 Price ($) 4000 Supply MC MSC 3000 2000 MSB 1000 Demand = MB 0 200 400 600 800 Quantity (students per year)

Figure 11.4.3 Price ($) 4000 Supply MC MSC 3000 2000 MSB 1000 Demand = MB 0 200 400 600 800 Quantity (students per year) Look at the market for private education in Figure 11.4.3. In the private education market, the quantity produced is

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