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Market demand is MWTP = 67 -1*Q . Market supply is MC = 6 + 1* Q . Production causes a marginal external cost equal
Market demand is MWTP = 67 -1*Q. Market supply is MC = 6 + 1* Q. Production causes a marginal external cost equal to $9. Consumption causes a marginal external benefit equal to $16. What is the equilibrium quantity?
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