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Given the Following Graph, What Would the Price and Quantity

Question 146

Essay

Given the following graph, what would the price and quantity traded be if
a) the competitive market is unregulated?
b) external cost are recognized but external benefits are not?
c) external benefits are recognized but external costs are not?
d) both external benefits and external cost are recognized? Given the following graph, what would the price and quantity traded be if a) the competitive market is unregulated? b) external cost are recognized but external benefits are not? c) external benefits are recognized but external costs are not? d) both external benefits and external cost are recognized?

Correct Answer:

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a) P3 and Q...

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