Consider a competitive market in which the MPB = 129-3q and the MSC =3q. In this market, however, there is a positive consumption externality of $50 per unit consumed. What is the efficient level of output in this market? [Round your answer to two decimal places when needed]

Consider a competitive market in which the MPB = 129-3q and the MSC =3q. In this market, however, there is a positive consumption externality of $50 per unit consumed. What is the efficient level of output in this market? [Round your answer to two decimal places when needed]

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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