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-Suppose That the Market for Steel Is Shown in the Above

Question 58

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-Suppose that the market for steel is shown in the above figure.What specific tax would result in a competitive market producing the socially optimal quantity of steel?
-Suppose that the market for steel is shown in the above figure.What specific tax would result in a competitive market producing the socially optimal quantity of steel?

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The social optimum occurs when...

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