Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN: 9780078747663
Author: McGraw-Hill
Publisher: Glencoe/McGraw-Hill School Pub Co
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14. Refer to Figure 3. Assume that production of this good generates a $30 per unit external cost. How much total surplus is generated in this market at the efficient outcome?

a) $375

b) $675

c) $1,250

d) $2,175 

Price ($)
50
S
D
50
Quantity
Figure 3
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Transcribed Image Text:Price ($) 50 S D 50 Quantity Figure 3
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