Calculate the number of students and the tuition

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Reference no: EM132117004

Question: The table shows the demand for university education.

The marginal cost of educating a student is a constant $4,000 a year and education creates an external benefit of a constant $2,000 per student per year.

If all universities are private and the market for education is competitive, calculate the number of students, the tuition, and the deadweight loss.

Reference no: EM132117004

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