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The $20 external marginal benefit is added to the competitive market demand, shifting it to the right by 20 units. The socially efficient demand curve
The $20 external marginal benefit is added to the competitive market demand, shifting it to the right by 20 units. The socially efficient demand curve will intersect the market supply curve at a price of $70 per pound if the external marginal benefit from Booming Berries is $20 per each thousand pounds, what is the socially efficient quantity (in thousands)
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