ECON MICRO
5th Edition
ISBN: 9781337000536
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 17, Problem 2.5P
(a)
To determine
The marginal external cost of production
(b)
To determine
If there is no regulation on externality, calculate the level produced.
(c)
To determine
The level that should be produced to achieve economic efficiency.
(d)
To determine
The net gain dollar value to the society.
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