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In a market with a positive externality, suppose that at market equilibrium, the marginal private benefit is $21 and the marginal social benefit is $42.
In a market with a positive externality, suppose that at market equilibrium, the marginal private benefit is $21 and the marginal social benefit is $42. The market equilibrium is at a quantity of 14 and the efficient quantity is 25. What is the value of the deadweight loss resulting from the underproduction of this good? Do not include the $ in your answer.
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