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Problems-
1. Lobbying and the extension of patents are both examples of x-inefficiency.
A) True
B) False
2. The marginal cost curve and average variable cost curve intersect where the average variable cost curve is at its minimum point.
Additional Information-
These multiple choice problems are relate to Economics. The riest problem is about lobbying and extension of patents are examples of inefficiency and the second problem is about marginal cost curve and average variable cost curve intersecting.
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