Assume that the product depicted below generates external, Business Economics

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Assume that the product depicted below generates external

Assume that the product depicted below generates external costs in consumption of $3 per unit.

(a) What is the market price (market value) of the product?

(b) What is the socially optimal output?

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Business Economics: Assume that the product depicted below generates external

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Business Economics: Assume that the product depicted below generates external

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