Week 16 Participation Assignment #3 Price 200 180 How much will be produced 160 in the market? What is the efficient level of 140 output? 120 100 80 60 40 20 Demand = MBsocial o 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 170 Quantity A farmer grows his crop using a particular chemical. The chemical costs him $80. The runoff from the chemical generates an extra $40 for society