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10.03.2020 • 
Business

Suppose that the inverse demand curve for paper is p = 218 - Q, the private marginal cost (unregulated competitive market supply) is MC_p = 104 + Q, and the marginal harm from emissions is MC_g = Q. (Round your answers to the nearest integer)
(a) What is the unregulated competitive equilibrium quantity?
(b) What is the unregulated competitive equilibrium price?$
(c) What is the social optimum quantity?
(d) What is the social optimum price?

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