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In order to reach the social optimum, an economist would recommend (circle one): Producing the quantity of paper that would eliminate the negative externality Producing
- In order to reach the social optimum, an economist would recommend (circle one):
- Producing the quantity of paper that would eliminate the negative externality
- Producing the quantity of paper that sets marginal social cost equal to marginal benefit.
- Producing the quantity of gasoline that sets marginal private cost equal to marginal benefit.
- Producing the free market quantity of gasoline.
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