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In the figure below, the demand curve represents the private benefit of education and the supply curve represents the cost of education. The quantity is

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In the figure below, the demand curve represents the private benefit of education and the supply curve represents the cost of education. The quantity is the number of students obtaining a college education, and the price is the cost of tuition in this hypothetical market for education. Suppose the external benefit of each student going to college is worth $10,000 to society. Answer the next three questions based on this information. Price 35000 Supply 30000 25000 20000 15000 10000 5000 Demand 0 5000 10000 15000 20000 25000 30000 35000 40000 Number of studentsIn the figure below, the demand curve represents the private benefit of education and the supply curve represents the cost of education. The quantity is the number of students obtaining a college education, and the price is the cost of tuition in this hypothetical market for education. Suppose the external benefit of each student going to college is worth $10,000 to society. Answer the next three questions based on this information. Price 35000 Supply 30000 25000 20000 15000 10000 5000 Demand 0 5000 10000 15000 20000 25000 30000 35000 40000 Number of students

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