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Social Cost Supply PRICE Demand a. Q, Q. QUANTITY Refer to Figure 10-2. This market has no need for government intervention. would be more efficient

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Social Cost Supply PRICE Demand a. Q, Q. QUANTITY Refer to Figure 10-2. This market has no need for government intervention. would be more efficient with a tax on the product. would be more efficient with a subsidy for the product. would maximize total well-being at Q3

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