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The table below displays the private marginal benefit, the private marginal cost, and the external marginal cost for Lisa's mining company. Quantity (units) Private MB
The table below displays the private marginal benefit, the private marginal cost, and the external marginal cost for Lisa's mining company. Quantity (units) Private MB Private MC External MC 100 $1,000 $700 $150 200 900 750 150 300 800 800 150 400 700 850 150 500 600 900 150 Lisa's mining company pollutes a local river during the production process. For each 100 units produced, the external cost of the pollution is $150. What is the socially optimal amount of mining for Lisa to produce
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