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I am confused on question two. I would love an explanation of how to work through these :) Thank you! (Please reference the attachments) 600

I am confused on question two. I would love an explanation of how to work through these :) Thank you! (Please reference the attachments)

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600 Economics and Public Policy: An Analytical Approach Explain why each of the following options correctly or incorrectly completes the sentence "When marginal costs to society exceed private costs option e. the market demand curve lies too far to the right and the price to consumers is too high option f. the market supply curve lies too far to the right and the market overproduces. option g. the market demand curve lies too far to the left and the price to consumers is too low. option h. the market supply curve lies too far to the left and the market underproduces.2. Explain (a graph will help) why each of the following options correctly or incorrectly completes the sentence. "When marginal benefits to society exceed private benefits, 090 982 option a. the market demand curve lies too far to the right and the price to consumers is too low." option b. the market supply curve lies too far to the right and the market underproduces." option c. the market demand curve lies too far to the left and the price to consumers is too high." option d. the market supply curve lies too far to the left and the market overproduces." 599

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