Home / Expert Answers / Economics / suppose-a-service-is-produced-and-sold-in-a-competitive-market-has-only-negative-externalities-that-pa196

(Solved): Suppose a service is produced and sold in a competitive market has only negative externalities that ...



Suppose a service is produced and sold in a competitive market has only negative externalities that are estimated by 10 dollars at each unit of the production, there are no external benefits. if MPB = MPC = 50 dollars when the quantity produced reaches to 150 units. And When quantity produced reaches to 100 units, both MSC & MPC are equal. According to these data answer the following: 1- Determine graphically and numerically the equilibriums point of the free market system. 2- Determine the corrective tax or subsidy per unit that is required for achieving efficiency and determine the efficient equilibrium. 3- Determine the consumer price, the producer price and the total subsidy or the total tax at the efficient output. 4- Determine the net gain or loss according to the government policy.



We have an Answer from Expert

View Expert Answer

Expert Answer



We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe