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Suppose the demand for education is given by P equals 100 minus Q , and the supply of education is given by P equals Q
Suppose the demand for education is given by P equals 100 minus Q , and the supply of education is given by P equals Q . Suppose that due to other members in your society becoming educated, there is a decrease in crime, which gives society a social benefit of b equals 6 .. What type of externality is this, and what curve represents this externality being accounted for (social cost or social demand curve)
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