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Suppose there are two firms in the market. Firm 1 produces y with a cost function c1(y) = y2 + 10 and firm 2 produces

Suppose there are two firms in the market. Firm 1 produces y with a cost function c1(y) = y2 + 10 and firm 2 produces x with the cost function c2(y, x) = x 2 + 5y. What is the efficient Pigouvian tax on good y? Explain your calculation/work.

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Question

Suppose there are two firms in the market. Firm 1 produces y with a cost function c1(y) = y2 + 10 and firm 2 produces

Suppose there are two firms in the market. Firm 1 produces y with a cost function c1(y) = y2 + 10 and firm 2 produces x with the cost function c2(y, x) = x 2 + 5y. What is the efficient Pigouvian tax on good y? Explain your calculation/work. t=___

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Microeconomics Theory And Applications With Calculus

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Suppose there are two firms in the market. Firm 1 produces y with a cost function c1(y) = y2 + 10 and firm 2 produces x with the cost function c2(y, x) = x 2 + 5y. What is the efficient Pigouvian tax on good y? Explain your calculation/work.

t=___