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use the accompanying table to answer the following questions

Paper help Economics use the accompanying table to answer the following questions

Economics

use the accompanying table to answer the following questions

use the accompanying table to answer the following questions. Quantity Private Cost … Show more use the accompanying table to answer the following questions. Quantity Private Cost Social Cost Benefit 1 $ 2 $ 4 $12 2 $6 $10 $22 3 $12 $18 $30 4 $20 $28 $36 5 $30 $40 $40 a) What is the external cost per unit of output? b) What level of output will be produced? c) What level of output should be produced to achieve economic efficency? d) What is the value of society pf correcting the externality? • Show less

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