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Suppose that a college education creates positive externalities. Use the following graph which represents the market for a college education in the land of Smartypants

Suppose that a college education creates positive externalities. Use the following graph which represents the market for a college education in the land of Smartypants to answer the questions that follow. MSB stands for marginal social benefit, MPB stands for marginal private benefit, and MPC stands for marginal private cost.

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