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MAC _ 1 = 1 6 - E _ 1 MAC _ 2 = 2 4 - 2 E _ 2 , and assume marginal

MAC_1=16- E_1
MAC_2=24-2E_2,
and assume marginal external damages (MED) from the aggregate emissions of both firms (E_Agg = E_1+ E_2) is:
MED =2E_Agg.
To achieve the socially efficient level of aggregate emissions (E*_Agg), the government institutes a cap and trade policy and sets the permit cap equal to ____.

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