=+and P is the price per 100-pound lot. Currently there is no attempt to regulate the dumping

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=+and P is the price per 100-pound lot. Currently there is no attempt to regulate the dumping of effluent into streams and rivers by the paper mills. As a result, dumping is widespread. The marginal external cost

(MEC) associated with the production of paper is given by the curve MEC = 0.0006QS.

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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