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If the marginal abatement cost equation for an industry is estimated to be MAC = 200 - 2.5E and the marginal damage cost equation for
If the marginal abatement cost equation for an industry is estimated to be MAC = 200 - 2.5E and the marginal damage cost equation for the same industry is MD = 1.5E, what would be the socially efficient equilibrium standard and what would be the TAC to meet the standard?
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