Question: Let MAC 1 = 100 10 E and MAC 2 = 50 10 E. Graph each function and compute the aggregate MAC curve. Let MD

Let MAC₁= 100 10Eand MAC₂= 50 10E.Graph each function and compute the aggregate MAC curve. Let MD = 30E. Suppose a technological change occurs that reduces the marginal costs of abatement for polluter 1 in the above equation to that of polluter 2. How does this affect the socially efficient level of pollution? Solve numerically and graphically.

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