now suppose that the cost c from part (b) is correlated with v. Specifically, c is no longer uniformly distributed on [0, 20], but instead is given by c = 2 3 20 v. Continue to assume that v Unif(0, 1) and the carbon externality is $20/ton. If we offer the engineers the same contract as in (b), what is its expected value? Should society offer the engineers the contract? 1