20 What is the efficient quantity of water taken and the marginal social cost at the efficient...
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20 What is the efficient quantity of water taken and the marginal social cost at the efficient quantity?
A spring runs under a village. Everyone can sink a well on their own land and take water from the spring. The following figure shows the marginal social benefit from and the marginal cost of taking water.
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Related Book For 
Economics
ISBN: 9781118150122
10th European Edition
Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews
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