The figure to the right shows the private and social marginal costs as well as the marginal benefit of producing paper. The marginal external cost (MEC) of producing paper at the market's competitive equilibrium is $. (Enter your response rounded to the nearest whole number.) Prices, Costs 29 22 A Negative Externality in a Competitive Market MCS MCp D=MB

The figure to the right shows the private and social marginal costs as well as the marginal benefit of producing paper. The marginal external cost (MEC) of producing paper at the market's competitive equilibrium is $. (Enter your response rounded to the nearest whole number.) Prices, Costs 29 22 A Negative Externality in a Competitive Market MCS MCp D=MB

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter30: Market Failure: Externalities, Public Goods, And Asymmetric Information

Section: Chapter Questions

Problem 8QP

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