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Suppose demand is given by: MSB($) = 370 - 40Q and supply is given by: MPC($) = 10 + 20Q Each unit of the good
Suppose demand is given by: MSB($) = 370 - 40Q and supply is given by: MPC($) = 10 + 20Q Each unit of the good causes $40 in external damage to the human health. With no regulation, what is the equilibrium market quantity of the good
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Quantitative Methods for Business
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
13th edition
1285866312, 978-0357685648, 978-1285866314
