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zar zar
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6 days ago

Figure 5-4



Suppose there are several paper mills producing paper for a market. These mills, located upstream from a fishing village, discharge a large amount of wastewater into the river. The waste material affects the number of fish in the river and the use of the river for recreation and as a public water supply source. Figure 5-4 shows the paper market. Use this Figure to answer the following question(s).



Refer to Figure 5-4. What does S1 represent?



the market supply curve that reflects only external cost



the market supply curve that reflects private cost



the market supply curve that reflects only private benefit



the market supply curve that reflects social cost

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Mtoney9Mtoney9
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6 days ago
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the market supply curve that reflects private cost

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wrote...
6 days ago

Figure 5-4



Suppose there are several paper mills producing paper for a market. These mills, located upstream from a fishing village, discharge a large amount of wastewater into the river. The waste material affects the number of fish in the river and the use of the river for recreation and as a public water supply source. Figure 5-4 shows the paper market. Use this Figure to answer the following question(s).



Refer to Figure 5-4. What does S2 represent?



the market supply curve that reflect private cost



the market supply curve that reflects social cost



the market supply curve that reflects social benefit



the market supply curve that reflects external cost

wrote...
6 days ago

the market supply curve that reflects social cost

wrote...
6 days ago
This calls for a celebration Person Raising Both Hands in Celebration
wrote...
6 days ago

Figure 5-4



Suppose there are several paper mills producing paper for a market. These mills, located upstream from a fishing village, discharge a large amount of wastewater into the river. The waste material affects the number of fish in the river and the use of the river for recreation and as a public water supply source. Figure 5-4 shows the paper market. Use this Figure to answer the following question(s).



Refer to Figure 5-4.What is the economically efficient output level?



Q2



Q1 plus Q2



Q1



Q2 minus Q1

wrote...
6 days ago

Q2

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