Econ Micro (book Only)
Econ Micro (book Only)
6th Edition
ISBN: 9781337408066
Author: William A. McEachern
Publisher: Cengage Learning
Question
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Chapter 17, Problem 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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