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b. What are the pros and cons of setting the tax at an amount above the socially efficient tax (i.e. the tax is too high)?

b. What are the pros and cons of setting the tax at an amount above the socially efficient tax (i.e. the tax is "too high")? Note that this means the tax will be greater than t* and PMBhigh-tax will be below PMB1-t*. Explain in words and graphically and discuss the impact on social efficiency as part of your

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