Microeconomics (2nd Edition) (Pearson Series in Economics)
Microeconomics (2nd Edition) (Pearson Series in Economics)
2nd Edition
ISBN: 9780134492049
Author: Daron Acemoglu, David Laibson, John List
Publisher: PEARSON
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Chapter 9, Problem 1P

(a)

To determine

The demand and supply curves equilibrium between levels of pesticides consumed and produced.

(b)

To determine

The impact of insecticides on bees in terms of marginal external cost. Also, determine the deadweight loss area.

(c)

To determine

The result coming was socially efficient in the private market or not.

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