Question: solve Consider the positive externality graph. Price ($) 4 MSC P* - - Pprivate - - - - - - MSB private X O Private

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Consider the positive externality graph. Price ($) 4 MSC P* - - Pprivate - - - - - - MSB private X O Private Q* Quantity (in units) Considering a positive externality, how does the actual output (@ private) compare to the socially optimal output (Q*)

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