28. (Figure: Three Firm Oligopoly in the Coal Mining Industry) Use Figure: Three Firm Oligopoly in the Coal Mining Industry. In the absence of any government control on emissions, how much coal will each firm produce if left unregulated? Marginal benefit of individual polluter $1,000 900 Firm A 800 700 600 Firm B 500 400 Firm C 300 200 100 0 100 200 300 400 500 600 700 800 900 1,000 Quantity of coal (tons) O 900 O 2,700 O 1,800 1,000

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28. (Figure: Three Firm Oligopoly in the Coal Mining Industry) Use Figure: Three Firm
Oligopoly in the Coal Mining Industry. In the absence of any government control on emissions,
how much coal will each firm produce if left unregulated?
Marginal
benefit of
individual
polluter
$1,000
900 Firm A
800
700
600
Firm B
500
400
Firm C
300
200
100
0
900
O 2,700
1,800
О 1,000
100 200 300 400 500 600 700 800 900 1,000
Quantity of coal (tons)
Transcribed Image Text:28. (Figure: Three Firm Oligopoly in the Coal Mining Industry) Use Figure: Three Firm Oligopoly in the Coal Mining Industry. In the absence of any government control on emissions, how much coal will each firm produce if left unregulated? Marginal benefit of individual polluter $1,000 900 Firm A 800 700 600 Firm B 500 400 Firm C 300 200 100 0 900 O 2,700 1,800 О 1,000 100 200 300 400 500 600 700 800 900 1,000 Quantity of coal (tons)
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