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Use inverse market demand function P=36-2Q D and inverse supply fucntion P=4+2Q 5 to answer the following questions What is the market equilibrium equantity? (
Use inverse market demand function P=36-2Q D and inverse supply fucntion P=4+2Q 5 to answer the following questions What is the market equilibrium equantity? ( the consumer surplus in the market equilibrium ? (If MEC = 2 (i.e. each unit produced involves an external cost of 2)what is the socially efficient level of production ? [Show work or explain briefly to earn full credits
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