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book ePack: Principles of Microeconomics 6th Edition by Gregory Mankiw cover

ePack: Principles of Microeconomics 6th Edition by Gregory Mankiw

النسخة 6الرقم المعياري الدولي: 978-1133150558
book ePack: Principles of Microeconomics 6th Edition by Gregory Mankiw cover

ePack: Principles of Microeconomics 6th Edition by Gregory Mankiw

النسخة 6الرقم المعياري الدولي: 978-1133150558
تمرين 3
Consider the market for fire extinguishers.
a. Why might fire extinguishers exhibit positive externalities?
b. Draw a graph of the market for fire extinguishers, labeling the demand curve, the social-value curve, the supply curve, and the social-cost curve.
c. Indicate the market equilibrium level of output and the efficient level of output. Give an intuitive explanation for why these quantities differ.
d. If the external benefit is $10 per extinguisher, describe a government policy that would yield the efficient outcome.
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a)Fire distinguisher yields benefits on ...

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ePack: Principles of Microeconomics 6th Edition by Gregory Mankiw
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