Assume that a industry produces 200000 units a year and, Ask an Expert

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Q. Assume that a industry produces 200000 units a year and sells m all for $10 each. Furthermore, assume that marginal external damage of this product is $6 per unit. How many more units of this product will free market produce than is socially?

Q2. Elucidate how it is possible that we have "sustainable development" (as it is defined in text book) in a world in which minerals, oil and or non-renewable resources are being depleted.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9293268

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