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Author Question: The graph shows the market for education, which causes a positive externality. Assume that ... (Read 116 times)

shivanipalawai@gmail.com

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The graph shows the market for education, which causes a positive externality.
 
Assume that P1=$12,250, P2=$17,000, P3=$24,500, Q1=3,000, Q2=7,250 and Q3=15,500.  Notice that the gap between the marginal benefit curve and the marginal social benefit curve is constant. At the market equilibrium, what is the deadweight loss?
Please round your final answer to two decimal places.
◦ $76,562,500.00
◦ $50,531,250.00
◦ $29,687,500.00
◦ $19,593,750.00


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Marked as best answer by shivanipalawai@gmail.com on Nov 23, 2022

Yermi196

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shivanipalawai@gmail.com

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review


debra928

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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