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Suppose the marginal damage cost is estimated to be MD = 0.5E and the marginal abatement cost is estimated to be MAC = 120 -

Suppose the marginal damage cost is estimated to be MD = 0.5E and the marginal abatement cost is estimated to be MAC = 120 - 1.5E. Find the socially efficient level of emission and Total Social Costs. Show your calculations.

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