The figure given below shows the demand and supply curves of steel. 5, is the private supply curve, and S, is the social supply curve that includes both private costs and external costs Figure 13.2 BE 2. Or The market for steel In Figure 13.2, external costs are equal to OP-P, O do 69 Q ob bc

The figure given below shows the demand and supply curves of steel. 5, is the private supply curve, and S, is the social supply curve that includes both private costs and external costs Figure 13.2 BE 2. Or The market for steel In Figure 13.2, external costs are equal to OP-P, O do 69 Q ob bc

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 41P: Refer to Table 12.2. The externality created by the refrigerator production was 100. However, once...

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The figure given below shows the demand and supply curves of steel S, is the private supply curve, and S, is the social supply curve that includes both private costs and external costs
Figure 13.2
P
Go
OP₁-P₂
O do
In Figure 13.2, external costs are equal to
89₂-0
2. 2
The market for steel
ob
O be
S₂
A
Sp

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