I need typing clear urjent no chatgpt used i will give 5 upvotes pls full explain diagram Short Answer #3Consider the market for iPhones. The demand curve is given as MB = 400 -2Q, and supply is given as MC = 100+ Q. iPhones are produced by Apple,which holds a monopoly on their sale. However, the iPhone assembly processcreates some air pollution. The damages from the air pollution are given asMD = Q.a. Compute the equations for marginal revenue (MR) and marginal social cost (MCs).Question 25b. Given the information above, calculate the social optimum (P* and Q*).Question 26c. Calculate the equilibrium under monopoly (quantity Q and price PM).

Given:Demand curve: MB = 400 - 2QSupply: MCp = 100 + QMarginal external cost: MD = Q a. MR = 400 -…

Answered: Short Answer #3 Consider the market for…

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter28: Antitrust And Regulation

Section: Chapter Questions

Problem 4E

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The local environmental authority levied an emissions fee of $30 per ton of waste on a firm that has the marginal cost of abatement (MCA) curve displayed in the figure below. What level of emissions will the firm release? How much will it pay in emissions fees?
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