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View Attempt 1 of 3 Title: Lesson 2 Quiz (Required for course grade) Started: February 25, 2009 11:53 AM Submitted: February 25, 2009 12:02 PM Time spent: 00:08:17 Total score: 60/100 = 60% Total score adjusted by 0.0 Maximum possible score: 100 Done 1. Refer to the above diagram. Rent controls are best illustrated by: Student Response Value Correct Answer Feedback A. quantity E. B. price C. 0% C. price B. D. price A. Score: 0/10 Comments: 2. An effective price floor will: Student Response Value Correct Answer Feedback Your location: Assessments View All Submissions › View Attempt
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A. result in a product surplus. 100% B. result in a product shortage. C. force some firms in this industry to go out of business. D. clear the market. Score: 10/10 Comments: 3. At the optimal quantity of a public good: Student Response Value Correct Answer Feedback A. marginal benefit equals marginal cost. 100% B. total benefit equals total cost. C. marginal benefit exceeds marginal cost by the greatest amount.
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L2 1 - Your location: Assessments View All Submissions View...

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