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Figure 11.4.1 shows the marginal social cost for providing public transit, and the marginal private benefit and marginal social benefit from using public transit. Marginal
Figure 11.4.1 shows the marginal social cost for providing public transit, and the marginal private benefit and marginal social benefit from using public transit. Marginal private cost equals marginal social cost. The government creates incentives for the socially best output if it
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