Calculate the deadweight loss created

Reference no: EM131298313

The marginal cost of educating a college student online is $3,000 a year. Table 1 shows the marginal private benefit schedule from a college education. The marginal external benefit is 50 percent of the marginal private benefit.

With no government involvement in college education, how many students enroll and what is the tuition? Calculate the deadweight loss created.

Reference no: EM131298313

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