ginal cost of cutting a tree is 50. Firms do not face any fixed costs. The social optimum solves: max, (1000 -100G)g; -50g; max (1000 - 100G)G -50G max,,(1000 - 100G)g; O max, (1000 - 100G)G -50g, QUESTION 20 10 points v S N logging firms use a forest to collect timber. Each firm i, i = 1,2,..., N must choose how many trees to cut, 9. The benefit of cutting a tree is A - BG per tree, where G is the total quantity of trees cut in the forest. The marginal cost of cutting a tree is C. Firms do not face any fixed costs. Which statement is TRUE? If the number of logging firms is larger than one, than the forest is underused If the number of logging firms is larger than one, than the forest is overused If the number of logging firms is larger than one, than the forest is used optimally If the number of logging firms increases, the use of the forest approaches the social optimum QUESTION 21 10 noints Save Anewa Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit 8:23 W 2020/7/14/ E R