How much will taxpayers have to pay

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Reference no: EM132117000

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 public, calculate the tuition that will achieve the efficient number of students. How much will taxpayers have to pay?

Reference no: EM132117000

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