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accompanying table, where Q represents the quantity produced, internal cost and external cost are given for various quantities, and P represents the price consumers are
accompanying table, where Q represents the quantity produced, internal cost and external cost are given for various quantities, and P represents the price consumers are willing to pay for various quantities to answer the following questions. Q Internal Cost External Cost P 1 $2 $4 $14 2 $4 $4 $12 3 $6 $4 $10 4 $8 $4 $8 5 $10 $4 $6 6 $12 $4 $4 The social optimum occurs where price is ________ and quantity is ________. Question 1 options: $4; 6 $8; 4 $10; 3 $10; 5 $12; 6
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