Question
Consider the graph below, representing the demand for a good that creates an externality, the supply for the good (equal to private marginal cost) and
Consider the graph below, representing the demand for a good that creates an externality, the supply for the good (equal to private marginal cost) and the marginal social cost (equal to private cost plus external cost):
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Modern Principles Microeconomics
Authors: Tyler Cowen, Alex Tabarrok
4th Edition
1319098762, 978-1319098766
