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$18 15 12 Supply Social value Demand 1,600 2,000 The figure above depicts the market for a water cleaner for home aquariums. After use it gets washed down drains and enters into streams, where it improves the mineral content of the water and thus leads to better water quality, better fish growth and improves sports fishing in the area. How much water cleaner is produced if the government doesn't get involved? Note, the social value curve represents the demand plus the positive externalities from its use. 2000 3600 1600 0

$18 15 12 Supply Social value Demand 1,600 2,000 The figure above depicts the market for a water cleaner for home aquariums. After use it gets washed down drains and enters into streams, where it improves the mineral content of the water and thus leads to better water quality, better fish growth and improves sports fishing in the area. How much water cleaner is produced if the government doesn't get involved? Note, the social value curve represents the demand plus the positive externalities from its use. 2000 3600 1600 0

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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$18 15 12 Supply Social value Demand 1,600 2,000 The figure above depicts the market for a water cleaner for home aquariums. After use it gets washed down drains and enters into streams, where it improves the mineral content of the water and thus leads to better water quality, better fish growth and improves sports fishing in the area. How much water cleaner is produced if the government doesn't get involved? Note, the social value curve represents the demand plus the positive externalities from its use. 2000 3600 1600 0
Transcribed Image Text:$18 15 12 Supply Social value Demand 1,600 2,000 The figure above depicts the market for a water cleaner for home aquariums. After use it gets washed down drains and enters into streams, where it improves the mineral content of the water and thus leads to better water quality, better fish growth and improves sports fishing in the area. How much water cleaner is produced if the government doesn't get involved? Note, the social value curve represents the demand plus the positive externalities from its use. 2000 3600 1600 0
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