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P 1201 110+ 100 90 80 70 8 60 8 8 8 40+ 30 820 10 05 10 15 20 25 The graph illustrates a market with a The external The market produces Q = O The socially optimal level of Q= = $ 30 35 40 45 PMC 50 55 + externality. *** D T 60 Q

P 1201 110+ 100 90 80 70 8 60 8 8 8 40+ 30 820 10 05 10 15 20 25 The graph illustrates a market with a The external The market produces Q = O The socially optimal level of Q= = $ 30 35 40 45 PMC 50 55 + externality. *** D T 60 Q

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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P 1201 110+ 100 90 80 70 60 50 40 30 88 10 0 5 10 15 20 25 30 35 40 The graph illustrates a market with a The external The market produces Q = ( O The socially optimal level of Q= 11 LA ***** <> PMC D 45 50 55 60 Q + externality.
Transcribed Image Text:P 1201 110+ 100 90 80 70 60 50 40 30 88 10 0 5 10 15 20 25 30 35 40 The graph illustrates a market with a The external The market produces Q = ( O The socially optimal level of Q= 11 LA ***** <> PMC D 45 50 55 60 Q + externality.
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