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$8 MSB $6 $4 $2 MPB 0 100 200 300 400 500 600 700 800 900 1000 Quantity a. The socially optimal level of production

$8 MSB $6 $4 $2 MPB 0 100 200 300 400 500 600 700 800 900 1000 Quantity a. The socially optimal level of production is ur b. However, the market will end up producing

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