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Market (inverse) demand is given by P = 100 - 2Q = MB where MB is marginal benefit. Market (inverse) supply is given by P

Market (inverse) demand is given by P = 100 - 2Q = MB where MB is marginal benefit. Market (inverse) supply is given by P = 10 + 0.25Q = MCp where MCp is private marginal cost. Suppose marginal external cost from production is given by MCE = 0.750. The dead weight loss or efficiency loss from the market equilibrium is 0.5x10x[a]=[b]. Specified Answer for: a Specified Answer for: b 35

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