Question: Graphically represent the following: (a) A corrective tax that achieves the socially optimal output; (b) A corrective tax that moves the market output farther away

Graphically represent the following:

(a) A corrective tax that achieves the socially optimal output;

(b) A corrective tax that moves the market output farther away from the socially optimal output than was the case before the tax was applied.

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