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QUESTION
Suppose the marginal private cost of production of a good is +2Q and the marginal external cost associated with good's production is $10 per unit.
Suppose the marginal private cost of production of a good is +2Q and the marginal external cost associated with good’s production is $10 per unit. What is the marginal private cost associated with 10th unit produced? What is the marginal social cost associated with the 10th unit?
