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There is a big sale on Laker Jerseys at the mall after the team won the 2020 NBA championship. These Jerseys have a private marginal
There is a big sale on Laker Jerseys at the mall after the team won the 2020 NBA championship. These Jerseys have a private marginal cost that is equal to 150+4x, these jerseys have social marginal cost that equals 250+4x. Lastly, the demand & the social marginal benefit can be written as Demand=Social Marginal benefit=500-4Q. Find the equilibrium for the # jerseys in this market.
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