In the table , the smart choice for society would be an output of units. Demand,...

  

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In the table , the smart choice for society would be an output of units. Demand, Supply, and Externalities DEMAND Output Benefit (MPB) $1,000 $900 $800 $700 $600 $500 1 2 Marginal Private Marginal 3 4 5 6 Social Benefit Output $1,200 $1,100 $1,000 $900 $800 $700 1 2 3 4 5 6 SUPPLY Marginal Private Cost (MPC) $ 800 $ 900 $1,000 $1,100 $1,200 $1,300 Marginal Private Cost - Subsidy $ 600 $ 700 $ 800 $ 900 $1,000 $1,100 In the table , the smart choice for society would be an output of units. Demand, Supply, and Externalities DEMAND Output Benefit (MPB) $1,000 $900 $800 $700 $600 $500 1 2 Marginal Private Marginal 3 4 5 6 Social Benefit Output $1,200 $1,100 $1,000 $900 $800 $700 1 2 3 4 5 6 SUPPLY Marginal Private Cost (MPC) $ 800 $ 900 $1,000 $1,100 $1,200 $1,300 Marginal Private Cost - Subsidy $ 600 $ 700 $ 800 $ 900 $1,000 $1,100

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The table provided shows the marginal private benefit MPB marginal social benefit marginal private c... View the full answer