Explain practical difference between the mclg and the mcl, Microeconomics

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Explain practical difference between the mclg and the mcl

Problem

a. Explain the practical difference between the MCLG and the MCL.

b. Draw the relationship of marginal social benefit and marginal social cost for the MCLG for lead, assuming it is set at an efficient level. Intuitively explain your model.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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