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Fuji is the sole manufacturer of racing bikes

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Fuji is the sole manufacturer of racing bikes, and the cost of manufacturing is, so that the marginal cost is. Demand for racing bikes is characterized by.

a. What is the optimal level of production and price for Fuji? Show math for full credit

b.The production of the bikes produces pollution, so that the additional externality cost is. What is the social marginal cost of production of bikes?

c. What would be the social optimal level of production? Show your work.

Reference no: EM131756896

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