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In above, there are no external costs, the rate of output will be? a. Less than 100 units. b. 100 units. c. 160 units. d.

In above, there are no external costs, the rate of output will be?

a. Less than 100 units.

b. 100 units.

c. 160 units.

d. Greater than 160 units.

Use this figure for questions 12-13 Social MC Private MC Price (equals MR) Price or Cost (dollars per unit) 100 160 Quantity

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