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3. A raw material is traded in a competitive market. The production cost of this raw material is c(q)=20q and a quantity subsidy of $4

3. A raw material is traded in a competitive market. The production cost of this raw material is c(q)=20q and a quantity subsidy of $4 is given to the producers.

Find the shadow price of this material if

(b) there is no externality from producing this raw material.

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