1. The quantity of milk produced is 100 gallons a daythe quantity at which the marginal private...

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1. The quantity of milk produced is 100 gallons a day—the quantity at which the marginal private cost equals the marginal social benefit. See Figure 1 .

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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