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Suppose that the total cost curve of the steel industry is given by: TC = 100+ 100 + 5Q Industry demand can be expressed as:
Suppose that the total cost curve of the steel industry is given by: TC = 100+ 100 + 5Q Industry demand can be expressed as: P = 100-200 In addition to the steel products produced by the firms, the industry also generates a significant amount of pollution. The uncompensated damage to communities surrounding various steel plants can be written as: TC.. = 100+50" Given this information, answer the following questions
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