6. Suppose that the supply curve in the top panel of Figure 7.5 represents MCprivate, and that...

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6. Suppose that the supply curve in the top panel of Figure 7.5 represents MCprivate, and that the demand curve represents MBsocial. Draw an MCsocial curve such that Q* is the efficient level of output. Besides a price ceiling, what other policy could reduce output to the efficient level?

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