43.80 37.60 26.75 a 22.50 b 18.60 (Marginal Social Costs) (Marginal Private Costs) Marginal Social Benefits Marginal Private Benefits quantity 3,840 5,520 6,360 In a free market, O units will be produced because of the presence of the externality 3,840 units will be produced 5,520 units will be produced 6,360 units will be produced

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter14: Environmental Economics
Section: Chapter Questions
Problem 20SQ
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Please give me correct and accurate answer Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
43.80
37.60
(Marginal Social Costs)
=(Marginal Private Costs)
26.75
22.50
d
b
18.60
Marginal Social Benefits
Marginal Private Benefits
0-
0
quantity
3,840
5,520
6,360
In a free market,
O units will be produced because of the presence of the externality
3,840 units will be produced
5,520 units will be produced
6.360 units will be produced
Transcribed Image Text:43.80 37.60 (Marginal Social Costs) =(Marginal Private Costs) 26.75 22.50 d b 18.60 Marginal Social Benefits Marginal Private Benefits 0- 0 quantity 3,840 5,520 6,360 In a free market, O units will be produced because of the presence of the externality 3,840 units will be produced 5,520 units will be produced 6.360 units will be produced
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