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Microeconomics questions Consider the following graph for a rm producing steel. a. If there is no regulation in place to correct the externality, which area

Microeconomics questions

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Consider the following graph for a rm producing steel. a. If there is no regulation in place to correct the externality, which area represents Market Surplus? Answer: b. If there is no regulation in place to correct the externality, which area represents Social Surplus? Answer: (1. Which are represents the deadweight loss due to the externality. Answer: d. If the presence of regulation to correct externality, which area represent the Market Surplus? Answer: e. If the presence of regulation to correct extemality, which area represent the Social Surplus

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